Home Purchase · Financial guide
Is a 15-year or 30-year mortgage better?
Quick answer
A 30-year mortgage on $330,000 at 6.8% costs $2,155/month and $776,000 total.
$244,000Interest savings with 15-yr
$801/moMonthly payment difference
3x fasterEquity building with 15-yr
$234,000Potential investment growth
The full picture
A 30-year mortgage on $330,000 at 6.8% costs $2,155/month and $776,000 total. A 15-year at 6.6% costs $2,956/month but only $532,000 total — saving $244,000 in interest. The 15-year builds equity 3x faster.
However, the $801/month difference invested at 8% returns could grow to $234,000 over 15 years. The right choice depends on: discipline to invest the difference (most don’t), job stability, and cash flow flexibility. Financial planners recommend the 30-year for borrowers under 35 with variable income, and 15-year for stable earners over 45..
Model this decision with your actual numbers
The PivotReset Decision Support Engine shows you the 12-month financial projection for each path.
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