15 vs 30 Year Mortgage + - Version 1.2 Program Description: 15 VS 30 YEAR MORTGAGEThis program is a 16 bit version that allows you tocompare a 15 year mortgage with one that has a duration of 30 years. Itwill run under Win 95, 98, Me, NT4, XP, & 2000. If you itemizedeductions, then you know the IRS allows you to deduct mortgage interest. Thissubsidizing of a mortgage means you can receive credit for the increasedinterest you pay on a 30 year loan. The basic premise of thisevaluation is that if the buyer could afford the monthly payments for theshorter term (and would invest the difference in monthly paymentsaccording to the instructions), at certain rates of return on theinvestment it would be more advantageous to obtain the 30 year mortgage.Printouts are professional looking and may be used by financialplanners as they contain a "prepared by:" area. This program may also beuseful to lending institutions in advising a client on the termof a mortgage.