30 year vs 15 year mortgage in this situation?

House Price: 800k

Down Payment: 600k

Which option sounds better?

30 Year @ 6%. Monthly Payment: $1,119. Total Interest paid: $231,636

15 Year @ 5.5%: Monthly Payment: $1,634. total interest paid: $94,150. Amortization table looks a lot better than the 30 year one.

Should we go with 15 year to avoid all of that extra interest if we can swing the monthly payment? I know this is prob a unique situation with so much $$$ down.

Posted Jun 12, 2026, 11:53 PM UTC

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