👉 Today’s 30-year mortgage rates? That’s a real joke! Think of it like this: for 30 years, your monthly mortgage payments would be like this:
| Month | Monthly Payment | |-------|----------------| | 1 | $865 | | 2 | $972 | | 3 | $1,045 | | 4 | $1,171 | | 5 | $1,298 | | 6 | $1,435 | | 7 | $1,608 | | 8 | $1,865 | | 9 | $2,065 | | 10 | $2,305 | Now, imagine this: for the same 30 year period, your new mortgage would be like this: | Month | New Monthly Payment | |-------|----------------| | 1 | $1,495 | | 2 | $1,768 | | 3 | $2,049 | | 4 | $2,339 | | 5 | $2,620 | | 6 | $2,918 | | 7 | $3,201 |
