"To dream the impossible dream..."
Peter O'Toole must have been singing about the chances of purchasing a home in the Los Angeles County. But we like to occasionally play make believe and pretend we're in the market to purchase [chuckle]. Perhaps our imagination ran a bit amuck, as we spent an inordinate amount of time playing around with the Mortgage Comparisons Calculator
, all the while dreaming about the $799,000 2-bedroom dream home next door which has fueled many of our lottery ticket purchases.
Punch in your relevant (or wholly imaginary) figures, and compare the differences that result with a 15, 30, 40, or 50 year mortgage, such as periodic rate, monthly payments, total payments, total interest paid and monthly savings. It's all good clean fun...until you realize all you can afford is a tool shed in Temecula (aka, us).
[via < a href=http://consumerist.com/consumer/tools/free-online-mortgage-calculator-260459.php>The Consumerist]