Which mortgage term is best for you?
Determining which mortgage term is right for you can be a challenge. With a shorter 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 will get you to a better place.
Information contained in this calculator is not intended or written as specific financial, legal, or tax advice and may not be relied on for purposes of avoiding any federal tax penalties. Neither American Equity Mortgage, Inc. nor any of its employed or representatives are authorized to give financial, legal or tax advice. You must rely on the advice of your own independent counsel.