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A comment on The fight to cheat death is heating up. Parent comment

Re:The fight to cheat death is heating up by ryanhuff on Thursday August 11, 2016 @05:07PM (#12271538)
If you were immortal, you could pay off a loan over hundreds of years. Imagine a mortgage of $500K being paid off over 3 years. Suddenly, paying $1M-$2M isn't such a barrier.
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Re:The fight to cheat death is heating up by derekp7 on Thursday August 11, 2016 @05:26PM (#12271661)
It doesn't work that way -- the upper limit is still the monthly interest on the loan. So at 3%, 1M is still 25K per month. Unless I'm missing something? (I believe that there is a classification of interest-only loans currently).
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Re:The fight to cheat death is heating up by greedo on Thursday August 11, 2016 @07:58PM (#12272607)
Yes, your math is off. At 3% the annual interest on a $1M loan would be $30-$40K (depending on how the interest is calculated), per year. Monthly, that would only be around $2500-$3500. Principal repayment be +/- $833/month.
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