4 ms·

Why only to $230,000? Wouldn’t the price have to drop to 400*(2/9)=89k to keep mortgage payments the same?

• simantel 4y ago
  Because some of your payment goes to principal, it's not all interest.
  • bjornsing 4y ago
    Of course. Thanks. Didn’t realize that was standardized. Here in Sweden the terms are government mandated and different depending on your salary and money down.