You trying to buy a $400,000 house
You don’t have $400,000
You take out a $400,000 mortgage loan
$400,000 on a 30 year at 4% interest rate
You looking at $400,000 loan that you have to pay back
Along with $300,000 interest (yes $300,000 rounding estimate )
Total cost of the loan $700,000
You sell the house for $800,000
Plus you got property taxes and insurance
So you might just even it out
Just rounding estimate
But yea
And yea TRUST ME