Originally Posted by
328dude
Because you will be paying more interest than principal unless you want to make an extra principal payment.
You will have more equity over the same time period (what you want anyway if your going to sell it) than a 30 year note. Going from a 30 year to a 15 year upped my payment about 75 bucks, but saved me 60 grand in interest.
Good on ya 328dude. You are one of the few people who look long-term instead of just looking at the monthly payment. Also, going to a 15 year means you will also
own your home a lot sooner too.
