Mortgage Comparison: 15 vs 30 years Calculator

15 or 30 month mortgage?
Which mortgage term is right for you?

Determining which mortgage term is right for you can be a challenge. With a shorter 15 year mortgage, you will pay significantly less interest than a 30 year mortgage - but only if you can afford the higher monthly payment. Use this calculator for a comparison of a 15 vs. 30 year mortgage.

How can we help you?

Contact a ConnectOne Bank representative to learn more.


By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest bearing transaction accounts, visit

*Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues and before any product purchases or loan commitments are made.

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