<prompt> Human: 1st time homebuyer.If I can easily afford payments on a 15 yr mortgage for a new home, is this a no brainer over a 30 yr mortgage? I would build equity sooner and I would still have room for investments on the sideedit - I would still max out my HSA and SEP. Alternatively, would it better to go with the 30 yr with plans to pay it off sooner? would I just be throwing away money with the higher interest rate? Thanks in advance for your responses. EDIT 2:Thanks for all the great input. heres some more info people are requesting. I am in the very beginning stages of homebuying. I have contacted my bank and a lender for prequalification and I am getting 4.150-4.5 on a 30 yr and 3.875 on a 15 yr based on a 650k home with 20 down so 520k in loan. I dont have an actual home picked out yet so these numbers will change. Ive found a few potential houses well below that number that would be suitable. I will update on what I eventually decide but thanks for giving me more aspects to think about.  <response>: Since you can easily afford the payments, Id go with the 15 yr mortgage for the lower interest rate. 