15, 20 or 30 year mortgage for analysis?

[Mike Bicho]

Is the common practice to only analyze a deal financing over 30yr amortization or is it also common to use 20 or 15yr?

[Alexander Felice]

15 year doesn't really provide much benefit. you might get a lower rate, but that shouldn't affect cash flow much. You may build equity faster, but you can't spend equity.

take the 30 year, the higher cashflow, and the lower payment.

You still have the option to pay the loan off in 15 years, but with a 15 year note, you lose the option to pay it off in 30.