3 ms·
So if you get a 30 year mortgage on $330k loan at 6% the total cost of the loan is $700-something-k. Go through three houses, reseting the 30 years a couple tim
by Glyptodon 3y ago
So if you get a 30 year mortgage on $330k loan at 6% the total cost of the loan is $700-something-k. Go through three houses, reseting the 30 years a couple times, maybe while getting a bigger house, end up paying for 50 years, and it doesn't seem that hard to hit a million something.
That said, I super suspect the numbers might be averages of a multi-modal distribution...