<prompt> Human: Moving jobs, selling current house and buying in another zip code. Have 2 pre approvals for 20yr fixed 5.75 30yr fixed 4.5Over the whole life of the loans I would pay around 400K for the 30yr versus 330K for the 20yr approx. But, my monthly payment will be 200 less if I do the 30yr, which is attractive as my monthly budget is very tight. Any suggestions for which is best, or what other factors I should consider? Should I go 30 year and pay extra when I can which would be safer in terms of monthly bills but bad in long run if I cant pay extra? Any help would be appreciated.  <response>: If the numbers are right, and you didnt switch the rates, why dont you just take a 30 year loan at a lower rate, and pay a little extra every month to make it a 20 year loan? There is no conceivable reason why youd take a shorter term rate at a higher interest short of 30 longer loan having some sort of crazy penalty for an early payoff, which really does not happen often nowadays 