Compare up to 4 loan scenarios side by side. See how different rates, terms, and down payments affect your monthly payment and total cost.
Monthly P&I
$2,335
Total Interest
$480,583
Monthly P&I
$3,062
Total Interest
$191,205
Lowest Monthly Payment
30-Year Fixed — $2,335/mo
Lowest Total Interest
15-Year Fixed — $191,205
Principal vs. interest over the life of each loan
See how fast each scenario pays down your principal
| Metric | 30-Year Fixed | 15-Year Fixed |
|---|---|---|
| Loan Amount | $360,000 | $360,000 |
| Interest Rate | 6.75% | 6.125% |
| Loan Term | 30 years | 15 years |
| Monthly P&I | $2,335 | $3,062 |
| Total Interest | $480,583 | $191,205 |
| Total Paid | $840,583 | $551,205 |
Choose a 30-year term for a lower monthly payment. Best if you want budget flexibility and plan to invest the savings elsewhere.
30-Year FixedChoose a 15 or 20-year term to pay significantly less total interest. You'll build equity faster but have a higher monthly payment.
15 or 20-YearA 25-year term splits the difference: slightly higher payment than 30-year, but thousands less in total interest. Often overlooked but powerful.
25-Year FixedStill deciding? Our team can help you run the numbers.
Get pre-approved in minutes with STX Lending. We'll match you with the best rate and term for your goals.
Compliance Note: This calculator shows principal and interest only. It does not include property taxes, homeowners insurance, PMI/MIP, HOA dues, or other escrow items. Actual monthly payments will be higher. Calculations are for illustrative purposes only and do not constitute a commitment to lend. Contact STX Lending for a personalized quote. NMLS #222982.