The Mauna Loa Volcano is the largest volcano on the planet as it rises over 4 kilometers above the sea level but the 4 kilometers that you see on top is not even half the size of the volcano.he Mauna Loa Volcano is the largest volcano on the planet as it rises over 4 kilometers above the sea level but the 4 kilometers that you see on top is not even half the size of the volcano.
The cost of housing varies wildly from neighborhood to neighborhood, never mind from city to city. An accepted rule of thumb is your mortgage, or lease payment, shouldn't be more than 28 percent of your gross salary. That would be about $1,166 per month on a gross salary of $50,000.
On a monthly basis, the savings will be noticeable. Over the life of the loan, the savings can be astounding. For example, a $300,000 mortgage at 5 percent for 30 years will cost $1,610.47 per month, with total interest of $279,764.96 to be paid over the life of the loan. That same mortgage at 4.5 percent will have a monthly payment of $1,520.06 with total interest of $247,218.25 over the life of the loan.