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Guess loan balance on $1M house after 12 years w/ 15 vs. 30 vs. 50 year mortgage
| Nazca Redlines | 11/14/25 |
| hung stud | 11/14/25 |
| Nazca Redlines | 11/14/25 |
| Nazca Redlines | 11/14/25 |
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Date: November 14th, 2025 2:19 PM Author: Nazca Redlines Assume a $1M house with a $900k loan (the average downpayment in the US is 9% for first-time buyers) at 5.9% for 15 years, 6.4% for 30 years, and 6.7% for 50 years (the former two are today's irl rates).
After 12 years, how much of the $900k would a home"owner" have paid off on the 15, 30, and 50 year mortgages? |
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Date: November 14th, 2025 2:31 PM Author: hung stud 80% 35% Idk, 6% |
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Date: November 14th, 2025 2:33 PM Author: Nazca Redlines You're a little high on all 3. That is, the home "owner" would have paid off less. (http://www.autoadmit.com/thread.php?thread_id=5798014&forum_id=2#49430650) |
Date: November 14th, 2025 2:34 PM Author: Nazca Redlines Also: Guess the monthly payment on all 3. Assume $1k/month for property taxes and insurance. (http://www.autoadmit.com/thread.php?thread_id=5798014&forum_id=2#49430654) |