Picked a 15 year fixed instead of 30 year for my first house in Tucson

Cora Clark · 2026-05-31T02:55:02.824043+00:00

I was looking at a 30 year at 6.8% and a 15 year at 5.9% on a $220k place. Went with the 15 because I wanted to save $40k in interest over the long run. Anyone else choose a shorter term and regret the higher monthly payment?

paige_ellis594mo ago

What's your monthly payment difference looking like?

5

eva_thompson104mo ago

Regret" is a strong word for something that saves you $40k.

3

the_phoenix4mo ago

@paige_ellis59, the payments are about $350 more each month, which stings a bit. It's funny how quick we are to lock into a 30-year without thinking about what that extra decade of payments really means for our freedom later on. Saving that $40k is nice, but I like how it forces me to live on a tighter budget right now instead of drifting into lifestyle creep.

1