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When comparing a 15 year vs 30 year mortgage it’s important to understand all of the factors in making this decision. Whether you are able to afford a home using either of these home loans, it is important to understand the difference between a 15 year and 30 year mortgage. There are pros and cons to each.

In my humble opinion, I prefer the 15 year mortgage because I’d rather have the peace of mind of not owning anybody anything. However, the other side to that coin is that if you opt for the 30 year mortgage, you will have lower payments, which will allow you to invest more money over those 30 years…if you’re disciplined enough to stick with it.

If you invest $676 every month (the difference in payment between a 15 and 30 year mortgage) you will amazed at the amount of money you will make in the market.

Keep reading below to see a summarized outline of the video:

15 Year Mortgage Pros
– Lower interest rate (typically .25% to 1% lower than a 30 year)
– Faster pay off time period
– Build equity faster

15 Year Mortgage Cons
– Higher Monthly Payment

30 Year Mortgage Pros
– Lower Payment (buy more house than you can afford)
– Able to invest the extra money per month

30 Year Mortgage Cons
– Slower pay off time period
– Slower equity build due to slow principal pay down


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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.