Arizona Mortgage Guide 2026 · Todd Uzzell NMLS #152519230-Year vs. 15-Year Mortgage
30-Year vs. 15-Year Mortgage
Arizona 2026
Everything Arizona buyers and homeowners need to know — with current 2026 numbers and expert guidance from a licensed Arizona mortgage lender with 20+ years of experience.
At a Glance
| Factor | 30-Year Fixed | 15-Year Fixed |
|---|---|---|
| Interest Rate (est.) | 6.75% | 6.25% |
| Monthly P&I (380K loan) | $2,465 | $3,258 |
| Monthly difference | — | +$793/mo |
| Total interest paid | ~$507,000 | ~$206,000 |
| Interest savings | — | ~$301,000 |
| Payoff (if age 30 now) | Age 60 | Age 45 |
| Equity at year 10 | ~$97,000 | ~$208,000 |
Frequently Asked Questions
Is a 15-year mortgage better than a 30-year in Arizona?
A 15-year saves approximately $300,000 in interest on a $380,000 loan but requires $793/month more in payment. If you can comfortably afford the higher payment and have no higher-interest debt, the 15-year builds wealth faster. If cash flow is a concern, the 30-year with voluntary extra payments is a flexible alternative.
What is the rate difference between 30 and 15 year mortgages?
In Arizona in 2026, 15-year rates are typically 0.5%-0.75% below 30-year rates. On a $380,000 loan, 15-year at 6.25% vs 30-year at 6.75% saves about $29/month on rate alone — the payment is higher because you're paying the same principal in half the time.
Todd Uzzell
Licensed Arizona Mortgage Lender · NMLS #1525192
Starboard Financial NMLS #156931, BK-0910725. 4145 E Baseline Rd, Gilbert AZ 85234. 480-330-1724.
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