Which Loan Term Is Right for Your Refinance?

What should consumers look for when comparing loan terms? I’m looking for what people should consider when looking at 10, 15, 20 and 30 year loan terms. Please tell me about how monthly payments change based on loan term and rate and also the difference in interest you could end up paying. What else should people think about when it comes to refinancing their home? Requirements: Mortgage loan experts, brokers, bankers, etc.