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Mortgage Calculators
Welcome > Resources > Mortgage Calculators > 15 vs. 30 Year Mortgages ...

The Best Mortgage Calculators On the Web! 

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it! 

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules. 

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more. 

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you... 

15 vs. 30 Yr Mortgages

Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.

This Financial Calculator requires a Browser with Java Support



Definitions

Mortgage amount
Original or expected balance for your mortgage.

Interest rate
Annual interest rate for your mortgage. Interest rates are generally lower for shorter term mortgages.

Marginal tax rate
This is your combined state and federal tax rate. This is used to calculate your potential income tax savings by deducting your mortgage interest.

Monthly payment
Monthly principal and interest payment (PI). Both 30 year and 15 year mortgages are shown.

Total payments
Total of all monthly payments over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.

Total interest
Total of all interest paid over the full term of the mortgage. Both 30 year and 15 year mortgages are shown.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.



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Florida Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
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Real Estate Tips
Selling Your Home >Showtime

Does your home have more than its share of dust bunnies? Do you have a "noticeable" kitty litter box and closets whose contents tumble toward your feet when opened? If you are planning to sell your home, please don't be offended by your real estate agent's suggestions about what you should do to prepare your home for the market.

One of the major challenges that sellers face is keeping their home in top showing condition while it is on the market. Many sellers have difficulty incorporating this necessity into their already busy lives. In such situations we strongly recommend that you get professional help.

If you already have a cleaning person, you may want to increase the cleaning frequency. Remember that not all buyers want to use their imagination to visualize a well-kept home. They usually react emotionally to exactly what they see, rather than to the possibilities that your home represents. If your home looks like it will require a lot of work, buyers may elect to keep looking.

For most sellers, the goal is to get the home sold as quickly as possible, and for the best price. Hiring a professional cleaner can pay high dividends.

See All Tips In The "Selling Your Home" Category >
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Real Estate Trivia
Q 
What famous American sign was originally erected as a real estate ad?

A 
The Hollywood sign, built in 1923, was conceived as a real estate ad that originally read, "Hollywoodland."
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Bonnie Fagoh, REALTOR®, real estate agent and broker for Tampa, Apollo Beach and Fishhawk, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Bonnie Fagoh
C21 Beggins

6542 US Hwy 41 N
Apollo Beach, FL 33572
813-658-1344
Fax: 813-645-8892
BonnieFagoh@NUMBER1EXPERT.com

Bonnie Fagoh Awarded Centurion ** Bonnie Fagoh of Tampa Coastal Homes at Century 21 Beggins in Apollo Beach Florida has been awarded Centurion level recognition for 2009*** In a year that experts have noted as a difficult one, Bonnie has quietly gone on with what she loves and that is helping families find fantastic opportunity in this coastal community and it shows! She had her best year yet in 2009. "What I have found in 2009 is that many people are very frustrated with the "foreclosure bargains" that they have considered, only to find after many aggravating months and much frustration with the lenders that it is just not worth the wait. They miss out on some great buys waiting on short sale approval, or are outbid on a bank owned property. Of course, these distressed properties are "as is", in need of repair and neglected so they may not be the "best deal". I have helped families buy brand new homes with full warranties and close in 30 to 45 days. (Many short sales take 4 to 6 months or more and can "fall apart" right at closing). Some big national builders need to keep the scaled down workforce busy even if that means selling at a loss (under replacement cost). Several builders have bought lots at a drastically discounted price from other builders, so now thay can offer a buyer a new home at a very attractive price." "The hassle of liens and second mortgages etc... does not exist with these brand new bargains." Of course all the normal due diligence has to be performed. For example, what is the history of the neighborhood? Many of these factors cannot be determined from photos or a written description... No, in today's market as competitive as it is it pays to go with a pro that is very knowledgeable about the local area. You need to know that a realtor is serious about the profession. " I have lived in my area over 20 years and in Tampa Bay for over 44 years so the trends to me are clear, says Bonnie. Ask how was your 2009?"


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