The True Cost of Your Mortgage: It’s Not Just the Interest Rate
When most people think about their mortgage, they focus on one number: the interest rate.
But that’s only part of the picture. The real question is:
❓ How much will this home actually cost me — over the life of the loan?
Let’s look at a common example:
A $600,000 mortgage over 30 years at 6% interest = $1.295 million total paid. That’s more than double what you borrowed.
And it’s not just numbers on paper. That extra $695,000 is money you could have used to:
- Invest
- Upgrade your family’s lifestyle
- Retire earlier
- Create a financial safety net
Instead, it disappears into interest payments — unless you have a strategy.
💰 Imagine redirecting even part of that money toward building your future instead of the bank’s profits.
It’s 100% possible — and it starts with understanding how your mortgage fits into your overall plan.