thing to go with a 15 year fixed rate. If your current plan is to purchase another home in say five years and sell this one, then i say go with a 30 year fixed. If your plan is to move to a bigger/better home in a few years but hold on to your first home as a rental, then you might still want to consider a 15 year fixed.

My wife and I moved to Utah from AZ 3.5 years ago and had no equity in our AZ home (Thanks a lot great recession), but we were did a 30 year FHA since my wife was not on my home loan (long story--no shenanigans) and then refi'd into a 30 year fixed. Wish we would have done a 15 year fixed, as the amount of money saved in interest is gigantic, even if we payed enough extra to pay the mortgage off in 15 years we still would pay more in interest. Anyway...we are probably going to refi to a 15 in the next few months, but this is in all likelihood going to be our last home we ever live in.

My two cents.