A little off topic but my opinion on mortgages is if you can't afford 15 years you are buying too much house.

If ~ $750 a month makes or breaks you on a $350K mortgage you are cutting things too close IMO


Freddie Mac today

30 years 4.33% $1738/month, interest paid ~$275,000

15 years 3.35% $2476/month, interest paid ~ $95,000