re: 30 year loan vs 15 year loan mortgage

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Yup. I was a 30 year guy when I bought my 1st property. After i refi to a 15 year mortgage, I was done with the 30 year. From your example of a 250k mortgage, total interest breakdown: @3.5%, 30y = 154k @3.5%, 15y = 71k @4%, 30y = 179k $4%, 15y = 83k Now, i understand that some people can only afford 30y payments while trying to be a homeowner. That's fine. They can alway refi later. But if you can afford 15 year mortgage, that would be a better option. 30 year proponents may say you can get tax deductible from interest payment. Yeah, but I rather be debt free so noone can bother me each month.

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Is there an advantage to doing 15 as opposed to doing 30 but paying more towards principle to try and wrap up the 30y loan in 15?