Originally Posted by Independent
I find the mortgage rate amazing. You're saying that on a $100,000 loan your interest and principal payments are just $271 per month (or $3,252 per year)?
Who said that?
"I have a big mortgage at 3.25% that I will not be paying off anytime soon. Scaling the value, lets say I borrowed $1M and it costs $4352.06 per month, $52,224.72 per year principal and interest. "
Scaling that to $100,000 gives 435.21/month and $5,222.47/year, principal and interest.