30,20 or 15 year mortage?

Money Board???

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15 year mortage

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do it

Depending on how much your house is, you could save $100,000+ in interest. Are you thinking you'll get a tax refund bigger than that?

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but is it worth the interest savings over getting more money back come tax time?

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or investing the difference in payments at potential X return?

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but is it worth the interest savings over getting more money back come tax time?

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yes!!!!!!!!!!!!

and just think about the first day of year 16. financial freedom. you can now stick what you were paying on a house note into a retirement account and if you ever become unemployed, frick it, you still have somewhere to sleep for free forever.

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Depending on how much your house is, you could save $100,000+ in interest. Are you thinking you'll get a tax refund bigger than that?

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Just did the mortage calculator and between the 15-30 year mortage the difference would only be $20,000

If the interest rate was the same for the 15 and 20,I would do the 20. If you can afford the 15 with a better interest rate,why not.

What u buying 50k house?

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I can afford the 15 payments

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Then this is absolutely the way to go.

Most of the principal gets paid off at the end of the mortgage. Therefore you still have a tax advantage for the first 8 years and then depreciating rapidly after that.

I'm not going to do the math, but I'm very sure you save more than 20,000 in interest compared to a 30 year mortgage.