When buying a home, choosing the term of the loan can make a difference.
You may want to consider how many years you want to have the loan for or how much you want your payment to be. Using this loan comparison calculator will allow you to see two different loan scenarios side-by-side.
Loan One Monthly Payment
Loan One Total Cost
Loan Two Monthly Payment
Loan Two Total Cost:
Loan One will cost you $0 more over the life of the loan.