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Spare a dollar?
(sh.itjust.works)
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this post was submitted on 28 Dec 2023
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Can someone explain this meme to me? If my math is right, the value of that payment stream over 30 years is about $58K at the interest rate mentioned.
Down payment is set to 100%, so they are essentially buying the house, and their mortgage would be 0$, yet they expect to pay 300$ a month.
I'd say it's just a calculator error where someone coded the if statement that checks for a zero rather poorly.
Estimate includes property taxes.
And usually home owners insurance since that is usually held in escrow by your mortgage company. This isn’t the meme OP thinks it is