Faster financing words require you to shell out a lot less in appeal, even in the event your own monthly premiums try high
Say you have a 15-year, $200,000 mortgage at 3.5% (the same rate as above). You’d pay just $57,358 in total interest. At a 5% interest rate, you’d pay $84,686 in interest over the life of the loan. You’ll also pay off their home loan far…