Same rate for both loans, the longer-term loan should be higher interest, to price in the risk of a devaluing currency. This would result in a slightly higher monthly payment for the 50 year loan and higher total paid, but the numbers are good enough for comparison.
Used the default (6ish) here: https://www.calculator.net/mortgage-calculator.html.
Same rate for both loans, the longer-term loan should be higher interest, to price in the risk of a devaluing currency. This would result in a slightly higher monthly payment for the 50 year loan and higher total paid, but the numbers are good enough for comparison.