Mortgage Calculators

20 vs. 30 Year Mortgage

Compare a 20-year and a 30-year mortgage to weigh a higher payment against long-term interest savings.

Inputs

Loan amount

20-year rate

30-year rate

Estimates only. Change any value to recalculate instantly.

Interest saved with the 20-year $161,383 for $285.56 more per month

20-year payment $2,201.54

20-year total interest $228,369

30-year payment $1,915.98

30-year total interest $389,752

Total interest compared

20-year interest $228k
30-year interest $390k

Loan balance 20-year30-year

The 20-year costs $286 more each month but saves $161,383 in interest and frees you 10 years sooner.

Balance & cumulative interest by yearView table

Year	20-yr balance	30-yr balance	20-yr interest	30-yr interest
1	$292,261	$296,710	$18,679	$19,702
2	$284,019	$293,196	$36,856	$39,179
3	$275,244	$289,443	$54,499	$58,418
4	$265,899	$285,435	$71,572	$77,402
5	$255,948	$281,154	$88,040	$96,112
6	$245,352	$276,582	$103,862	$114,532
7	$234,068	$271,698	$118,997	$132,640
8	$222,053	$266,483	$133,401	$150,417
9	$209,259	$260,912	$147,025	$167,838
10	$195,635	$254,963	$159,819	$184,880
11	$181,127	$248,609	$171,730	$201,518
12	$165,679	$241,823	$182,700	$217,723
13	$149,228	$234,575	$192,668	$233,467
14	$131,711	$226,833	$201,569	$248,717
15	$113,058	$218,566	$209,335	$263,441
16	$93,195	$209,735	$215,890	$277,603
17	$72,044	$200,304	$221,158	$291,163
18	$49,522	$190,231	$225,054	$304,082
19	$25,539	$179,473	$227,489	$316,316
20	$0	$167,983	$228,369	$327,818
21	$0	$155,712	$228,369	$338,538
22	$0	$142,605	$228,369	$348,423
23	$0	$128,607	$228,369	$357,417
24	$0	$113,657	$228,369	$365,458
25	$0	$97,689	$228,369	$372,482
26	$0	$80,635	$228,369	$378,420
27	$0	$62,421	$228,369	$383,197
28	$0	$42,967	$228,369	$386,735
29	$0	$22,190	$228,369	$388,950
30	$0	$0	$228,369	$389,752

How this calculator works

This calculator runs entirely in your browser — nothing you enter is sent anywhere, and there is no sign-up. Change any input and the result, breakdown, and schedule update instantly.

Rate and cost fields are pre-filled with current benchmarks (Federal Reserve / Freddie Mac via FRED (St. Louis Fed)), so your first result is already realistic — replace them with your own quote to see your numbers. To weigh one option against another, use the loan comparison calculator.

30-year fixed mortgage rate, 2019–2026

Source: Freddie Mac PMMS via FRED. Annual averages; latest weekly reading shown.

Common questions

Is this calculator free, and do I need to sign up?

Yes and no — it is completely free and asks for no account or personal details. Every calculation happens in your browser, so nothing you type is stored or sent to us.

How accurate are the results?

The math is exact for the inputs you give it, but the defaults are national benchmarks — your real rate, fees, taxes, and insurance will differ. Treat the result as a close estimate to refine with a real quote.