15 vs 30 Year Mortgage + - If you invest properly, a 30 year mortgage may be adviseable and more economical

This program is a version that allows you to compare a 15 year

mortgage with one that has a duration of 30 years. It will run under

Win 95, 98, Me, NT4, XP, 2000. If you itemize deductions, then you know the

IRS allows you to deduct mortgage interest. This subsidizing of a

mortgage means you can receive credit for the increased interest you

pay on a 30 year loan. The basic premise of this evaluation is that if

the buyer could afford the monthly payments for the shorter term (and

would invest the difference in monthly payments according to the

instructions), at certain rates of return on the investment it would be

more advantageous to obtain the 30 year mortgage. Printouts are

professional looking and may be used by financial planners as they

contain a 'prepared by:' area. This program may also be useful to