PSA, you will actually pay $1M for your $500k house at today's rates
PSA, you will actually pay $1M for your $500k house at today's rates - Lemmy.World
This might be duh for some people, but if you’re like me and considering a mortgage; at today’s rates in the US at around 5-6%, over 30yr mortgage you will pay about same in interest as you will for your house price. Your $500k house will cost you around $1M total over thirty years. I was surprised. https://m.mortgagecalculator.org/?q=A1Nzy-8KX [https://m.mortgagecalculator.org/?q=A1Nzy-8KX]