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Pittsburgh luxury homes for sale Search all of Pittsburgh luxury homes, Fabulous properties both new construction and resale. Mortgages and financing easily arranged.

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So how does a 50 year mortgage compare to the traditional 30 year mortgage? Well, since a 50 year mortgage is not a fixed rate mortgage a direct comparison is impossible. But let’s pretend for a moment that you could get a 50 year fixed rate mortgage and compare it to a 30 year fixed rate mortgage, both for $250,000.00 at six percent interest. The monthly note on the 30 year loan would be $1,498.88 and on the 50 year loan it would be $1,316.01, resulting in the 50 year mortgage being $182.87 lower per month.

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