WASHINGTON —
President Donald Trump floated the idea of introducing a new, 50-year mortgage this week as a way to open up homeownership to more people.
But how does that compare with today's standard mortgage? The Get the Facts Data Team analyzed data and built an interactive tool to illustrate how payments might change when under a 30-year mortgage versus the proposed 50-year mortgage.
According to data analyzed across a range of mortgage amounts, the monthly payment under a 50-year mortgage would decrease slightly. But overall, home buyers could expect to pay much more in interest overall.
Use our tool below to see how the amount paid in interest would change from 30- and 50-year mortgages.
A person buying a home at median price — $410,000 — with a 20% down payment would be taking

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