Einstein called compound interest the eighth wonder of the world. Those who understand it earn it. Those who do not pay it. That is why the Trump administration is floating a 50-year mortgage. They are betting that we will not see the true cost. He, him, and they are framing this as a path to affordability. But let me show you what it really is. Let’s look at the math for a $420,000 home at 7 percent interest. 30-year mortgage: Payment: $2,792 per month Total interest: $586,332 50-year mortgage: Payment: $2,527 per month Total interest: $1,095,029 You save about $265…
