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How Much?
submitted 3 years ago by EndlessSunflowers from i.imgur.com
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[–]Tarrock 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 1 fun6 insightful - 2 fun - 3 years ago (2 children)
That's how interest works. My mortage of 150k will end up costing me close to 270k unless I pay it back early. I throw an extra 100-400 bucks monthly onto it so I'll pay it off sooner.
[–]Honestanonymous 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 3 years ago (1 child)
Looks like u got usury scammed
[–]Tarrock 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 3 years ago (0 children)
It's around 2% over 30 years, typical for a home mortgage.
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[–]Tarrock 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 1 fun6 insightful - 2 fun - (2 children)
[–]Honestanonymous 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (1 child)
[–]Tarrock 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (0 children)