/biz/ - Business & Finance

I need help understanding something. Anonymous Thu Aug 25 23:27:51 2022 No.51099577 [View]
File: 259 KB, 750x998, 8F18E426-4250-4040-B390-C1A3B35C9087.jpg [View same] [iqdb] [saucenao] [google]

>400k house
>20%down
>30 year @ %5.00 loan
>$298,000. In interest.

What the fuck? The interest is the same as the fucking loan?
How is this bullshit normal?

This makes me want to buy a shack and call it good, fuck paying hundreds of thousands of dollars in interest.

Am I missing something? HOLY FUCK IM SO PISSED AND DONT UNDERSTAND HOW THIS IS ACCEPTABLE!!

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/biz/ - Business & Finance

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