ilmscore | Mortgage Impact on Interest Paid Predictions
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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.
"If you could go out and get a 50-year mortgage, and for the purposes of this example, let's just ass..."
Nov 26, 2025
Correct