40 Year Mortgage Calculator: Calculate Local 40-YR Home . . .
The cons of a loan that lasts a decade longer has about 50% more total interest expense outweigh the pros of a slightly lower monthly payment or qualifying for a slightly larger loan amount. The following table shows loan balances on a $200,000 home loan after 5, 10 , 15, 20, 25, 30, 35 40 years for loans on the same home.