[matheweis]

Pedantically true, but in practice with interest rates what they are there's only a few thousand difference between in the long term a 4% 30-year that is paid off in 15 years, and an actual 15-year at 3%. (Source; I'm doing this with mine, and ran the numbers)

[jandrese]

Yeah, I'm doing this. The nice thing about the 30 year but pay extra every month plan is that if you get slammed by some major unexpected expense you can dial down your mortgage payments until your bank account catches back up. It gives you a buffer so you don't make yourself inadvertently house poor.

The interest rate difference was like 0.15%.