The Mortgage Rate Difference Between A 15-Year Fixed And 30-Year Fixed Mortgage

The mortgage rate differential between comparable 15-year and 30-year fixed rate mortgages is close to the largest it's been in over 5 years. "Going 15" saves a homeowner $170,000 over the life of a loan, assuming a $300,000 loan size. That's enough cash to send several children to college, among other things.