BLK03SVT10TH said:I would do the 30 Year Fixed, if you've got the extra cash you can always make extra payments, but you never know what is going to happen in life, if you've got the larger payment at the 15 Year Fixed and money gets tight, the bank isn't going to wait to get paid and it will screw your credit if your late.
I bought my first house about 7 years ago and initially I went with a 15 Year Fixed Loan. My payment was 2800.00 a Month not including an additional 300.00 for Property Taxes.
there is no doubt the 15 year is hard to do. the key here is income. what do you bring home. i can tell you one thing if you are trying to make a house payment on 40 or 50 percent of your take home pay it just will not work.