<prompt> Human: Mortgage amount: 296,000Options: basic estimates, no taxes or insur incl30 yr Fixed at 3.75 1370.00 mo15 yr fixed at 3.5 2116.00 moPlan to pay 2500 month either way.Calculations:30 year total 493k in paymentsAt 2500 accelerated payment 370k total paymentsLoan paid off in 12 yrs 5 months saving 123k in payments15 year total 381k in payments At 2500 accelerated payment, 364k total paymentsLoan paid off in 12 years 5 months saving 17k in paymentsComparison: 30 yr plan costs me 7k more 3-4 more paymentsQuestion: I would prefer to have a lower must make payment in case of emergency job loss, should I just go with the 30 year for peace of mind? The15 yr plan doesnt seem to be advantageous enough in case wife or I lose our jobs.Question 2: Knowing that there is front loaded interest on either loan right?. If we needed to move in 5 years or so not planning to, but just in case does the front loaded interest of the 30 mean we would have dramatically less principle paid off than going with a 15, using the same 2500 accelerated payment?Thanks redditors!!  <response>: If the difference in interest rate is only 0.25, I would absolutely go with a 30 year option. As long as you make the same payment, the difference between principal paid off after 5 years will be really small, regardless of which option 15 year or 30 year you select. Interest paid each month is strictly a function of interest rate and total balance that month. 