Your math on the payments for today is wildly incorrect.
Your math on the payments for today is wildly incorrect.
No. Try it yourself. Get any mortgage calculator and plug in a 3.13% interest rate and $315,000 principal.
No. Try it yourself. Get any mortgage calculator and plug in a 3.13% interest rate and $315,000 principal.
You're forgetting (((pmi))), (((property taxes))), (((home owners insurance))).
You're forgetting (((pmi))), (((property taxes))), (((home owners insurance))).
I got news for you: those existed in 1987, too.
I got news for you: those existed in 1987, too.
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