<prompt> Human: Looking at buying our first house this year. We have 10 down, good emergency fund, good credit, etc. Not asking for advice on putting down 20 instead. we have crunched the numbers and this will allow us to meet our goals better in our case. We are trying to decide if we want to go with a 15-yr or 30-yr mortgage. With a 15-yr we would be paying about 200 more each month than we do now in rent this is including taxes, insurance, PMI... pretty much everything besides maintenance. We can afford this, we have been saving 1000mo on top of our expenses and maxing out our retirement for years now.With a 30-yr we would be paying about 250 less than we do now in rent. In both situations we would have plenty of extra money left over for home maintenance and savings but it would be nice to have that extra 550mo liquid. Another option is to go with the 30 yr but try to pay it down in less than 20 yrs to find a middle ground. What do you all think? Were both 27 if that matters.  <response>: Go for the 30 year mortgage. You can always pay it off sooner if you have excess cash. Much harder to claw money back from the mortgage if you fall short. 