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15 vs 30 Year Mortgage - for Windows 95 or higher Do you really think you're saving money with a 15 year fixed rate mortgage rather than one with a 30 year term. This program may change your mind. The basic premise of this evaluation is that if the buyer could afford the monthly payments for the shorter term (and would invest thedifference in monthly payments according to the instructions), at certain rates of return on the investment it would be more advantageous to obtain the 30 year mortgage. ..