But
the difference over the course of the mortgage is a whopping $ 92,282.83 — and that's assuming mortgage rates remain unchanged, which is unlikely.
Not exact matches
We can reconcile this contradiction by appreciating the
difference between getting stressed like a normal mammal (during a physical crisis that lasts a short time) and getting stressed like a human (
over the
course of, say, a 30 - year
mortgage).
A minor
difference in interest rates can make a huge
difference over the
course of a 30 - year
mortgage.
For example, the
difference between someone with a 760 + score and a 500 credit score can be
over $ 150,000 in interest rate payments on a
mortgage over the
course of 30 years.