Here are the comparisons of a 30 to 50 year mortgage of a $400,000 home at 6%, per YF:
30 year mortgage:
- Monthly payment: $2,398
- Total loan cost: $863,352
50-year mortgage:
- Monthly payment: $2,106
- Total loan cost: $1,263,372
Discussion
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Discussion
Last week, Trump insinuated that the government is considering 50 year mortgages.
See more: https://t.co/FSRZDQ0P8k
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