I was looking at mortgage for a house, paying 30% upfront, so I would only need to borrow 500k USD. At fixed rate 30yr, it was 1% + some fees.. so total cost o

I was looking at mortgage for a house, paying 30% upfront, so I would only need to borrow 500k USD. At fixed rate 30yr, it was 1% + some fees.. so total cost of the loan over 30 years would be 35k USD. The flex interest rate (adjusted every 5 years) was a current rate -0.25 + fees. In total that would cost around 10k USD over 30 years. (Of course with flexible interest rates, the rates could go up). So I think most of the cost is now just fees... Looking at owning vs. renting it's quite competitive.