Should I get a 15-year or 30-year mortgage?
A 15-year loan usually has a lower rate and much less total interest, but a higher monthly payment. A 30-year loan keeps the payment lower and more flexible. Pick the payment you can comfortably afford. ListingCraft for Buyers shows an estimated monthly payment for each home you look at.
Many buyers take a 30-year loan and make extra principal payments when they can, which keeps flexibility while shortening the loan.