Here are the 15, 30, and 50 year amortization tables for a $500k 6.5% loan. If you take the 50 year loan at age 30, by the time you turn 50, you will still owe $447,235 after paying 632,749 in usury. This is literal indentured servitude. Oh, & they own the house until you're done
1,129
3,685
339
15,367
Wouldnt it be beneficial if you throw like say 1000 at principal every month?
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Replying to @Popcorn_Patriot
if you could afford that, you would've gotten a 30 in the first place

Nov 8, 2025 · 9:18 PM UTC

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Replying to @treblewoe
Not true. They refuse to count all of my income.
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Replying to @treblewoe @Popcorn_Patriot
Consider someone scared of the economic uncertainty of the future that takes the 50 and pays it like a 30, keeping the lower payment as a safety net for unplanned emergencies. It's not a bad plan for the few with economic intelligence and financial discipline.
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Replying to @treblewoe @Popcorn_Patriot
Not if you needed the flexibility. This holds true for salesmen, seasonal workers, and anyone that gets occasional bonuses
Replying to @treblewoe @Popcorn_Patriot
Not true; less mandatory $ obligation. Bought my investment property on a 30 year, paying extra a month. A 15 did have a lower rate, but not by much. Took the 30 because my bottom line looks better when it's vacant. Did the same with my primary. 30 paying extra. Breathing room.
Replying to @treblewoe @Popcorn_Patriot
Silly reply. You could make the same case for a 15 years loan vs a 30 years.
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Replying to @treblewoe @Popcorn_Patriot
So someone who couldn’t afford the house got the house and it’s bad because you wanted them to just get the house for less? If it was worth less, somebody else would buy it cash. Just retarded.
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Replying to @treblewoe @Popcorn_Patriot
I assume you intend to earn the same amount each year for the next 50 years?
Replying to @treblewoe @Popcorn_Patriot
So throw, a 110 every month. That saves you a year of interest. You should calm down.
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Replying to @treblewoe @Popcorn_Patriot
Situations change. New job, a raise, getting married or simply going bare bones with your living expenses so you can pay that thing off sooner.
Replying to @treblewoe @Popcorn_Patriot
Well…. You don’t have to make that NUT EVERY month
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