Krupster
@krupster.bsky.social
Disclaimer, Disclaimer, Disclaimer: Views are solely my own, but subject to negotiation if you’re persuasive
Reposted by Krupster
$400,000 loan at 6.5 percent:
• 30 year. Payment $2,528. Total interest about $510,000.
• 50 year. Payment $2,255. Total interest about $953,000.
You save about $273 per month, but pay about $443,000 more interest over the life of the loan. 28 years to start paying more principle than interest.
• 30 year. Payment $2,528. Total interest about $510,000.
• 50 year. Payment $2,255. Total interest about $953,000.
You save about $273 per month, but pay about $443,000 more interest over the life of the loan. 28 years to start paying more principle than interest.
November 9, 2025 at 6:51 AM
$400,000 loan at 6.5 percent:
• 30 year. Payment $2,528. Total interest about $510,000.
• 50 year. Payment $2,255. Total interest about $953,000.
You save about $273 per month, but pay about $443,000 more interest over the life of the loan. 28 years to start paying more principle than interest.
• 30 year. Payment $2,528. Total interest about $510,000.
• 50 year. Payment $2,255. Total interest about $953,000.
You save about $273 per month, but pay about $443,000 more interest over the life of the loan. 28 years to start paying more principle than interest.