Mor
Mortgage Payments
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Recent Predictions
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
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In 2025, a median-priced house with a 6.5% mortgage costs $2,100 per month, which is 30% more than in 2022, despite the house being 6% cheaper.
"And then 2025 rolls around. ... But now you can't get a 3.5% mortgage. You have to get a 6 1/2% mort..."
Jul 11, 2025
Pending
Making bi-weekly mortgage payments instead of monthly can save over $170,000 on a $500k loan at 7% interest.
"In this example, you will save more than $170,000 by making a little tweak."
Jun 11, 2025
Pending
It takes 20 years for half of a mortgage payment to go towards principal (equity building) rather than interest.
"And it isn't until year 20 where half of your mortgage payment is going to build equity and not padd..."
May 29, 2025
Pending
For the same house, monthly mortgage payments increased by approximately 77% between 2020 and 2024 due to higher interest rates.
"if you bought the house in 2020 you might have been able to get a 4% mortgage rate so you would have..."
Jan 24, 2025
Pending
For a 30-year fixed-rate mortgage, the majority of payments in the first 14 years and 8 months go towards interest for the bank.
"if you're getting a 30-year fixed rate mortgage the first 14 years and 8 months of your mortgage the..."
Nov 26, 2024
Pending
Mortgage payments are front-loaded, with the majority of payments in the first 14-15 years going towards interest rather than principal equity.
"Did you know that your mortgage payments are frontloaded? Meaning, if you go out and buy a home toda..."
Mar 3, 2024
Pending
Mortgage payments are heavily weighted towards interest in the initial years (approximately 14.5 years), meaning the majority of early payments go to the bank, not towards building equity.
"Did you know that your mortgage payments are front loaded meaning if you go out and buy a home today..."
Jan 21, 2024
Pending
When making extra mortgage payments, it's crucial to specify that the funds should be applied directly to the principal balance, not towards the next month's payment, to maximize equity building and minimize interest paid.
"if you're paying it online there should be an option there if you're sending in a check make sure yo..."
Jan 7, 2024
Pending
Making bi-weekly debt payments (e.g., $250 every two weeks instead of $500 monthly) can result in paying off debt nearly a year faster and saving over $4,500 in interest due to making an extra monthly payment each year.
"instead of sending $500 a month I want you to send in $250 every two weeks so now you're going to se..."
Jan 7, 2024
Pending
Higher interest rates have made mortgage payments 60% more expensive.
"if you get a loan higher interest rates actually make your payment sixty percent more expensive"
Oct 4, 2023
Pending
The majority of mortgage payments for the first approximately 14 years go towards interest for the bank, not towards building equity in the home.
"for the first about 14 years of your mortgage the majority of your mortgage payment is going to be g..."
Sep 18, 2023
Pending