Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3
Posts
0
Votes
Jason Foster
0
Votes |
3
Posts

30 yr mortgage vs 15 yr mortgage

Jason Foster
Posted

I am working on buying my first rental properties and have been crunching some numbers. I was looking at 15 yr mortgages on 4 properties valued at $90K. What I found when I looked at the profits vs a 30 yr mortgage was, that I would put an average of $2,200/yr more per property back in my pocket with a 30 yr mortgage. The total interest was about $40K with a 30 yr and about $17K with a 15 yr. Total profits drop on the 30 yr mortgage by about $26K. Am I crazy or does having the liquid capital make the 30 yr mortgage more appealing?

Loading replies...