50-Year Mortgage Madness: What Las Vegas Homebuyers Need to Know Before Signing

Steve Lockhart

Published on: 19/11/2025

A 50-year mortgage extends your loan repayment period from the traditional 15 or 30 years to five full decades. The concept is simple: spread the same loan amount over more time, and your monthly payment drops significantly. For example, on a $400,000 home loan at 7% interest: 30-year mortgage: approximately $2,661 monthly 50-year mortgage: approximately $2,340 monthly That $321 monthly difference might seem attractive, especially when Las Vegas median home prices remain elevated and mortgage rates hover around 7%.