> When people borrow money for a house, they only consider the monthly payments for the mortgage and not the absolute amount of money they are borrowing. Yep e

> When people borrow money for a house, they only consider the monthly payments for the mortgage and not the absolute amount of money they are borrowing. Yep exactly. The same thing happens with cars too. The salesman does everything in their power to focus only on the monthly payment amount instead of what you're really paying total in the end. It's way worse for houses because you can end up in a situation where if you make non-optimal choices with mortgages you can be paying off your mortgage for multiple generations on a low end house. Interest is crazy, but unfortunately most people don't pay enough attention to it or their debt (which makes sense since you need to go out of your way to really learn about it).