Cash and Coffee | 15-Year vs 30-Year Mortgage: The $200,000 Mistake That Could Cost You BIG
In this episode of Cash and Coffee, Emma Watts and Kayla Tenboer-Sipes break down one of the biggest financial decisions you’ll ever make—choosing the right mortgage.
Using a $200,000 home example, they walk through what it looks like to put 20% down and compare the real differences between a 15-year and a 30-year mortgage. While the lower monthly payment of a 30-year loan may seem appealing, Emma and Kayla reveal how interest, principal, and long-term costs tell a very different story.
They dig into how much of your payment actually goes toward your home versus interest, why amortization…
The skinny
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