mortgage calculator 1981 vs today

Mortgage rates hit 18% in 1981. Here's how that compares with buying a home today — Photo by Get Lost Mike on Pexels

Stop Lying About Your Mortgage Calculator 1981 Vs Today

The real cost of an 18 percent mortgage in 1981 was lower than many think because the loan size and income context made the monthly payment more affordable than today’s higher-principal, lower-rate loans. I explain the math behind the headline rate and why it matters for today’s buyers.