Trump's 50-year mortgage math is flawless: save $300 now, pay only $1.3 million later! #dailyshow

What is discussed, and when

1. 0:00 – 1:30: 50-year mortgage, mortgage, Prime Day

Notable quotes from "Trump's 50-year mortgage math is flawless: save $300 now, pay only $1.3 million later! #dailyshow"

• Worried. But hey, hey, maybe I'm just hating. All right. how much would a 50-year mortgage save people?

  about 50-year mortgage · at 0:27

Who and what is mentioned in this episode?

People

• Ronny Chang — Person · 1 mention

Products & tech

• Prime Day — Product · 1 mention · first at 0:03
  No one can afford a home. Everybody keeps waiting for him to show up on Prime Day, but it never happens.

Concepts & topics

• 50-year mortgage — Concept · 2 mentions · first at 0:33
• mortgage — Concept · 2 mentions · first at 0:33
  Worried. But hey, hey, maybe I'm just hating. All right. how much would a 50-year mortgage save people?

Places & events

• United States (states) — Place · 1 mention

Full transcript with timestamps

0:00 No one can afford a home. Everybody keeps waiting for him to show up on Prime Day, but it never happens. So maybe Trump could do something to bring down mortgages.

0:10 The Trump administration moves forward with a plan to introduce 50-year mortgages.

0:15 Or you can make them much longer, you know, cuz cuz you know where we'll all be in 50 years dead. You know what I mean? This seems like a bad idea. And if black people could get loans, I'd be worried. But hey, hey, maybe I'm just hating. All right. I mean, how much would a 50-year mortgage save people?

0:36 Take a $400,000 loan at 6% interest. Under a 30-year mortgage, the monthly payment would be just shy of $2,400. Under a 50-year loan, it drops to just over $2,100, a savings of nearly $300 a month.

0:51 Oh, boy. $300 a month. See, it's not a stupid idea. You know what? I'm going to apply for a 50-year mortgage right now.

1:06 But over time, that savings is erased by a much larger interest bill. Because while the total interest on a 30-year loan would be about $463,000, the interest on a 50-year loan would total more than 860,000. Signed Ronnie Chang.

Questions about this episode

What is discussed in "Trump's 50-year mortgage math is flawless: save $300 now, pay only $1.3 million later! #dailyshow"?

In order: 0:00 50-year mortgage, mortgage, Prime Day.

What is mentioned in this The Daily Show episode?

5 people, works and ideas are mentioned, including 50-year mortgage, mortgage, Prime Day, Ronny Chang, United States (states). Each one on this page links to its own page with every episode that mentions it.

How long is "Trump's 50-year mortgage math is flawless: save $300 now, pay only $1.3 million later! #dailyshow"?

The episode runs 1 min; the transcript is about 211 words in 6 timestamped sections.

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