Quote:
Originally Posted by SumAznGuy
Also, if you do take the full 25 years to pay off the mortgage, you will have paid out in interest the same if not more $$$ than the principle borrowed, ie borrow $350k and you will pay out over $700K over the 25 years.
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it depends on the rate. at the current ~4% or so it's less then double. but not by a whole lot. 5 or 6% is probably double but I'm too lazy to figure it out.