Everything You Need to Know About Mortgages
Money Guy Show
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How to Get the Most Out of Your Mortgage in 30 Years
So let's get in the math a let's nerd out on this thing. Bo go andand show em where we're at. Let's assume that we're ging to do a 30 year mortgage. Everything we'll lookG at is 30 years. And we're going to buy a 250 thousand dollar house. We're going to put 20 % down. So that means that we're actually borrowing or financing 200000 dollars. Well, if you choose to go with straagy number one, which is just normal monthly payments, your monthly payment is going to be 954 dollars and 83 cents a month. Over that 30 year period, you will pay 100 forty three thousand 739 dollars
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