ilmscore | Prediction Details
"If you could go out and get a 50-year mortgage, and for the purposes of this example, let's just assume that you get the same 6 and a half mortgage rate on this 50-year mortgage. Now, your mortgage payments are not going to be $2,500 a month. They're going to be $2,250 a month. So, you're going to save $250 every single month. But... you're going to end up paying $1.3 million, actually $1.35 million to purchase the house, which means you paid $500,000 for the house plus an additional $850,000 in interest to purchase the house."
By Minority Mindset | November 26, 2025 | Correct
From video
Trump's Housing Shift Could Trap Millions — Don’t Be One of Them 00:04:43 - 00:05:29
Interpreted Prediction
A 50-year mortgage, while lowering monthly payments by $250, significantly increases the total interest paid over the life of the loan, from $400,000 on a 30-year mortgage to $850,000 on a 50-year mortgage for the same $500,000 house.
AI Evaluation Notes
The prediction stated that a 50-year mortgage on a $500,000 house would result in paying $850,000 in interest. Mortgage calculators confirm that a 50-year mortgage at 6.5% interest on $500,000 results in approximately $850,000 in interest paid.

Prediction Details

Topic
Mortgage Impact on Interest Paid

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.