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SVTPerformance's Chain of Restaurants
Road Side Pub
Finance Question
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<blockquote data-quote="Iamchris" data-source="post: 16367115" data-attributes="member: 21687"><p>I did, kind of. Because the account grows each month with the 20% down house, based on $301 being deposited (due to the smaller monthly payment from paying 20% down), the account balance is 245K. The interest paid is 154K.</p><p>On the 0% down house, I invest a larger initial chunk of cash and grow that cash without deposits to 251K. Meanwhile I pay a larger monthly payment (equal to the 20% down house + the investment deposit), resulting in 193K interest paid. </p><p>End result is still the same though... I pay the house to 0 in 30 years on either house, and the investment account is slightly higher on the 0% down home.</p><p>Actually, crunching the numbers in this way, a 5% down VA loan results in a lower fee. It drops from 3.3 to 1.5%, and a slightly lower monthly payment (than the 0% down house). 47K invested with $75 monthly deposits... end result is about 20K more in the investment account than the 20% down house. </p><p>But with that all figured out at 5% return, the 0% down house would pull ahead as rate of return increases. My current account has 13% average return over the last 10 years... I dont want to assume that would be the case, but it would make that a sweet deal for sure.</p></blockquote><p></p>
[QUOTE="Iamchris, post: 16367115, member: 21687"] I did, kind of. Because the account grows each month with the 20% down house, based on $301 being deposited (due to the smaller monthly payment from paying 20% down), the account balance is 245K. The interest paid is 154K. On the 0% down house, I invest a larger initial chunk of cash and grow that cash without deposits to 251K. Meanwhile I pay a larger monthly payment (equal to the 20% down house + the investment deposit), resulting in 193K interest paid. End result is still the same though... I pay the house to 0 in 30 years on either house, and the investment account is slightly higher on the 0% down home. Actually, crunching the numbers in this way, a 5% down VA loan results in a lower fee. It drops from 3.3 to 1.5%, and a slightly lower monthly payment (than the 0% down house). 47K invested with $75 monthly deposits... end result is about 20K more in the investment account than the 20% down house. But with that all figured out at 5% return, the 0% down house would pull ahead as rate of return increases. My current account has 13% average return over the last 10 years... I dont want to assume that would be the case, but it would make that a sweet deal for sure. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Finance Question
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