Congratulations on the purchase of a McMansion!Who would have thought that you'd be able to buy a $600,000 home at a 3% interest rate (with only $100,000 of that as down payment).

So now you have a 30 year, 3% loan on $500,000.How will you be impacted by a rise in inflation rate from 2% to 5% per year?

Are you happy or sad, and why? (well, and 'how much'?).( No hand written solution please)