All agents are NOT alike! Find out why I am a top real estate expert. Call me: 609-351-2125

Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >

Impressed
"I recommended her to sell my Mom's home as well."
P. Liao, Mt. Laurel, New Jersey
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

Kelly-Anne Shoaf is one of The Top Selling Real Estate Experts™
Find Out More >

See the nation's top rated reports for Schools in Medford Lakes, Marlton and Mount Laurel >

Coming Soon
Find Out More >

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.

School Reports in Medford Lakes, Marlton and Mount Laurel, New Jersey

"A model of how the Internet can facilitate the process of deciding where to send your children to school"
- America's Best School Profiles by
The Heritage Foundation

New Jersey Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Medford Lakes, Marlton and Mount Laurel

First Time Buyers >The Real Bottom Line

An important part of buying a house is sitting down with your real estate agent or a mortgage lender to get a clear idea of how much you can afford. They will add up all of your monthly expenses, the mortgage payment, insurance, real estate taxes, homeowners or condo association fees--and the grand total can throw you into shock!

The important thing to remember is that the grand total isn't really the bottom line. When you add your tax savings to the equation, you may be pleasantly surprised. During the early years of your loan, almost all of the mortgage can be deducted from your state and federal income tax. The same is true of your real estate taxes. If you use part of your house as a home office, you may be able to qualify for additional tax savings. In some areas, homes with ground floor apartments are popular for offsetting part of the mortgage and offering even more tax savings.

When you make calculations about the monthly costs that include the tax savings, you may find that owning your own home is less expensive than renting a house or apartment of comparable size.

	See All Tips In The "First Time Buyers" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
A	Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property
See More Real Estate Trivia >

Kelly-Anne Shoaf, REALTOR®, real estate agent and broker for Medford Lakes, Marlton and Mount Laurel, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Kelly-Anne Shoaf and the SJ AREA Homes Team
Prudential Fox & Roach Realtors
352 Stokes Road, Suite 1
Medford, NJ. 08055
Office: 609-654-1888
Mobile: 609-351-2125
Fax: 609-953-1714
Email: kellyanneshoaf@NUMBER1EXPERT.com
I have recently collected a team of top professionals to help you through every part of your real estate transaction. As web experts, we will help you buy or sell your home with the use of powerful marketing. First-time home buyers? We love you--we will take the time to answer every question and get you the best home for the right price. Call or email us today!

www.KellyShoaf.com is brought to you by Kelly-Anne Shoaf
NUMBER1EXPERT™ in real estate for Medford Lakes, Marlton and Mount Laurel, New Jersey

Read Kelly-Anne Shoaf's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge