30-Year vs. 50-Year Mortgage — Same rate, same loan amount, different payment…… Smart or dumb?? Post 👍🏼 if it’s useful, 😡 if it’s a scam! Let’s hear your opinions and thoughts on this. I’m genuinely curious what others think. I give you my take on it in the video. Loan amount $500,000 30yr at 6% Versus 50yr at 6% 30yr payment $2,997 50yr payment $2,632 Difference $365 per month Total amounts paid 30yr $579,191 50yr $1,079,214 Difference $500,023 Run the numbers and see. | Bud Bruening
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