Is 20 Year Fixed Mortgage loan better than a 30 year old loan in terms of the interest costsI wanted to compare the difference between the total interest costs if I decide to re-finance my 30 year fixed rate mortgage with a 20 year fixed rate especially since the rates are falling. With a lower rate, I might probably pay the same monthly payment amount as before (30 year loan) but it would have reduced the number of years.Let me know your thoughtsDecember 17 2008 - Collegeville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.