Pgardn, I can tell you why i went with a 30 year fixed. First we are locked into a very nice interest rate with no prepayment penalties. We always planned on a 15(to pay off in about 10), but we recieved a nearly identical interest rate on the 30 as we did the 15. So we went with the 30 which offers more flexibility in case of some unforeseen economic issues. Typically we just double our mortage payment every and send that in paying the principal off quicker. But in case of a crunch, we have a lower payment at a very nice interest if we need it.
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