Well, I did the calc's on my loan offers, and I would have been paying more interest in year one with the thirty year. It gets worse year after year as the interest payments on the 15 yr drop rapidly.
Maybe I got a bad offer on the 30 year, but this saves me money.
It gets even better when you figure in the tax angles and some inflation. The effective rates are in the 3%'s and possibly 2%'s if inflation kicks up. When you can rent money that cheap, why would you ever want to give it back. This talk of 15 or 30. Shish, try and talk them into 40. <g> And absolutely positively get the most money they will let you have at a reasonable rate. Any thing under 6% for 30 years is more than reasonable.
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