this post was submitted on 12 Nov 2025
106 points (100.0% liked)
Chapotraphouse
14169 readers
725 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Slop posts go in c/slop. Don't post low-hanging fruit here.
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Except longer term loans have higher interest rates so you'll be paying nearly the same per month anyway
That's my understanding, based on my current experience with a mortgage.
However, I don't know what my IQ is so I guess I can't speak on this.
Also the limiting factor for most people getting a regular mortgage is the down payment and credit check, not the actual monthly payment. Unless you're rooming with 3 other people (and maybe even then) you'd likely spend less on a mortgage than your rent depending on where you live.