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I told you this was coming, but I figured they’d go to 40-year mortgages.
I guess I was half-right, with President Trump announcing today that he wants to blow right past a 40-year mortgage and introduce a 50-year mortgage to get monthly payments down for homebuyers.
President Trump posted this to TruthSocial:
If you don’t know your history, you might not realize that it was President Roosevelt (Franklin Delano, not Teddy), who first introduced the 30-year mortgage to make the American dream of owning a home possible.
Before then, many people could not afford homes and those who could often purchased in cash.
Now President Trump is invoking Roosevelt to show there is a clear historical basis for taking the next logical step to 50-year.
And now Bill Pulte, Director of the Federal Housing Finance Agency and the Chairman of Fannie Mae and Freddie Mac, just confirmed on X that at President Trump’s direction he is indeed working to roll out a 50-year mortgage:
Thanks to President Trump, we are indeed working on The 50 year Mortgage – a complete game changer. https://t.co/HZDPzO0qJG
— Pulte (@pulte) November 8, 2025
Now let’s break it down a bit to understand what this really means….
Because I get it, finance and mortgage payments are not exactly the most captivating thing to talk about.
But you need to see this to understand what it will do.
This will do two things: (1) it will absolutely lower your monthly payment, and if that’s all you care about this is a game-changer. But (2) it will also result in you paying vastly more interest of the course of that loan.
Here are two scenarios to put it in perspective.
First up, what’s it look like on a $750,000 loan at 5% interest when it’s 30 years vs. 50 years:
Here are the principal + interest payments (no taxes/insurance), assuming a fixed 5% rate:
$750,000 — 30-year (360 months) at 5%: ≈ $4,026/month
Total paid ≈ $1,449,418 → interest ≈ $699,418
$750,000 — 50-year (600 months) at 5%: ≈ $3,406/month
Total paid ≈ $2,043,624 → interest ≈ $1,293,624
Trade-off: the 50-year cuts the payment by about $620/month, but adds roughly $594,206 more interest over the life of the loan.
And here it is for a $300,000 loan at 4.5% interest:
$300,000 — 30-year (360 months) at 4.5%: ≈ $1,520/month
$300,000 — 50-year (600 months) at 4.5%: ≈ $1,258/month
Trade-off: the 50-year cuts the payment by about ≈ $262/month, but adds roughly ≈ $207,682 more interest over the life of the loan.
So what do you think?
Will you be signing up for a 50-year loan?
This is a Guest Post from our friends over at WLTReport.