50 year mortgage looks affordable until you do the math
Автор: Roger Bryan
Загружено: 2025-12-18
Просмотров: 773
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50 year mortgage looks affordable until you do the math. Lower payment, but you trade cash flow for huge lifetime interest that wrecks retirement.
On a 30 year at typical mortgage rates, you might pay about $734,000 in total on a $332,000 principal, roughly $402,000 of that is interest.
On a 50 year, the total can hit about $1,800,000 with around $749,000 in interest.
Lower monthly payment. Much higher price.
That gap compounds. Every extra decade turns cheap cash flow into expensive debt.
If you want financial freedom, stop judging loans by the monthly. Judge by lifetime interest and time to equity.
Rule of thumb. Buy what you can pay off faster. Refinance down the term when income rises. Invest excess cash instead of stretching the mortgage.
Would you ever choose a 50 year mortgage after seeing the lifetime interest math?
#finance #mortgage #investing #financialfreedom #realestate
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