If your goal is to pay less interest and "own" your home outright after 15 yrs, that is still possible with a 30 yr loan.
You just won't be under pressure for the higher payments should your financial situation change.
In my opinion it is always better to go 30 year unless you are financially very strong or you have a very stable income (like social security or pension). You would usually get a better rate when you get a 15 year loan but with interest rates being so low 0.25% more or less would not make that much a meaningful impact. If by any chance you lose your job,.. you might be under pressure to keep up with your payments when you get a 15 year loan. The good thing about a 30-year loan is you could always pay it off in 15 years but you will not have the option of extending your 15 year loan to a 30 year loan unless you refinance which will cost you a lot of $. It is all about the freedom and options that a 30 year loan will give you (If you decide to go with a 30-year loan make sure you ask your mortgage broker to get you a loan with NO prepayment penalty so there will be no issues if you decide to pay it off faster).
I have a great mortgage broker that I can refer to you if you would like feel free to send me an email.
Hope this helps.
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