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EP 430 - HOW BANKING AND MONEY REALLY WORK PART 2
Jun 23, 2022
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THE Kiss My Ass Guy

PURE CONSTITUTIONALIST! My podcast and my postings are about ACTIONABLE information. Not...

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  • Actually, only paying 40% in total interest is extremely low. Do let's look at a $400,000 home purchase, with a 5% APR and $80,000 down with 360 total payments over 30 years.

    $400,000 purchase price $80,000 down payment $320,000 financed

    $305,478.14 total interest paid $320,000 principal paid $80,000 down payment $807,478.14 total paid for a $400,000 purchase.

  • Fundamentally correct but your math example is exaggerated.

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