 you can do is look at a 15 year mortgage. People are so up in arms about the darn rate. It kills me. It's all about rate. It's all about rate. Have you looked at the amortization schedule on your loan? You're better off with a six and a half percent on a 15 year mortgage than you are in a 2% on a 30 year. When you look at the amortization schedule and how much money you owe at the end of the term.