This might be duh for some people, but if you’re like me and considering a mortgage; at today’s rates in the US at around 5-6%, over 30yr mortgage you will pay about same in interest as you will for your house price.
Your $500k house will cost you around $1M total over thirty years.
I was surprised.
It’s such a fucking scam that you pay the interest up front.
If you default on your house, the bank got a lot of money in interest and they get to keep the house.