Help Me With the Numbers

[Michael William Sheehan]

A 200k 15 yr mortgage with 6% rate will cost you $165k in interest. Stretched out to 30-yr it's still over 100k in interest.

If the value of the home is 200k, after 30 yrs maybe it's 600k and it cost you 300k in interest/principal?

I really want to understand the numbers game of real estate because right now, it just seems like you're taking on huge amount of debt, paying tons in interest (plus extra for taxes, insurance, disasters, repairs, inspections, vacancies...etc)

I've been investing in the market for the long term but want to diversify. You'll be seeing more of me on this forum. Thanks!

[Nathan Gesner]

Quote from @Michael William Sheehan:

Simple answer: YOU are not paying the interest. Your Tenant pays it and you benefit from it.