30-Year vs. 40-Year Mortgage: Which Is Right for You? | #realestate #mortgage #loanofficer #buyincalifornia

November 7, 2024November 7, 2024| socalhomeviewer30-Year vs. 40-Year Mortgage: Which Is Right for You? | #realestate #mortgage #loanofficer #buyincalifornia| 0 Comment| 4:00 pm
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30-Year vs. 40-Year mortgage impacts monthly payments and total interest paid significantly.
Monthly Payment Comparison
$350K mortgage at 7.25%:
– 30-Year: $2,388/month
– 40-Year: $2,238/month
– Difference: $150/month

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