Mortgage payment in 1952

Image from preview.redd.it and submitted by 1stumbler
image showing Mortgage payment in 1952

Epicritical on October 8th, 2023 at 14:34 UTC »

Didn’t even have a paperless billing discount

Inoffensive_Account on October 8th, 2023 at 14:48 UTC »

My mother is 92 and when she talks about her mortgage from the 1960’s, she says, “Boy, that was a long 16 years to pay off the mortgage”.

TJATAW on October 8th, 2023 at 16:22 UTC »

16 more payments to go, 6% interest rate.

Adjusted for inflation, that is $520.79/month now. Of course, the insurance & property taxes aren't added on.

The balance remaining after paying it would be $7,984.17 today.