40 year mortgages now. 50 year coming..., page-3

Assume constant interest rate of 7%

25yrs payment rate = 8.6%
30yrs payment rate = 8.1%
40yrs payment rate = 7.5%
50yrs payment rate = 7.2%

Payments for every $100k
25yrs annual payment = $8600
30yrs annual payment = $8100
40yrs annual payment = $7500
50yrs annual payment = $7200

So the reality is you are only saving $1400 on an annual basis for every $100k loaned on a loan for 50yrs vs 25yrs. But over the long term you will be paying a hell of allot more interest.

The only benefit of buying on a long term loan is that you lock in a todays price if you see it trending up.