30 vs 40 year

[Arsalan J Khan]

I’m just getting into my real estate journey and am working on understanding all my financing options when it comes to my first purchase. I recently spoke with a lender that is able to offer a 40 year mortgage with 10 years of interest up front. Wondering if anyone has experience with this type of loan? I know the overall interest is higher but the trade off of a low monthly seems to make up for it? What’s the drawback other than higher interest paid?

Purchase: 1,100,000

25% down

12k monthly income from rent