The median age of first time home buyers is 40
The US lifespan is 78
Your loan is $800k.
Your monthly payment is ~$4,317.
After 30 years you’ll have paid $1.55M but only $201k of that is principal.
You’d still owe about $599k.
50-year mortgages barely touch the principal for decades.
The median age of first time home buyers is 40
The US lifespan is 78
Fun times.
Fun times.
big laughs are hearty
big laughs are hearty