15 years pay only 400 more than 30 years

if you think this 400 can turn great profit for you,

than go ahead

 

other wise 15 years can save you 95K interests in total, 

don't you think it is worthy?

 

 

Principal:	$200,000	Payment:	$1,381.16
Interest:	3%
Start date:	Dec 2015	Total interest:	$48,609.39
End date:	Nov 2030	Total payments:	$248,609.39
Term length:	15y	Extra payments:	$0.00
Term reduction:	None	Savings:	$0.00

 

Principal:	$200,000	Payment:	$954.83
Interest:	4%
Start date:	Dec 2015	Total interest:	$143,739.01
End date:	Nov 2045	Total payments:	$343,739.01
Term length:	30y	Extra payments:	$0.00
Term reduction:	None	Savings:	$0.00