heres the info.
if you had a mortgage for 40 years with payments once a month.
with a 4.75% interest rate.
the principle amount is 125,000.00
how much interest alone would be paid once you finished your payments?How much interest would i pay with a 40 year mortgage?
Monthly - 582.20
Interest - 154,454.71
Total paid over 40 years - 279,454.71How much interest would i pay with a 40 year mortgage?
279,454.71 that's a 124,454.71 difference That's how the banks get rich. 40yrs I would go for a shorter time frame, if I was you
No comments:
Post a Comment