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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: 16369664" data-attributes="member: 21687"><p>Our numbers are very similar, you figured for 3.25, I figured for 3.2. I didnt include the total paid in payments and interest in the post, but it is on my spreadsheet. The same money is invested in each scenario (both 0% down, and 20% down), the house ends up paid off after 30 years either way. The difference is the extra money in both scenarios goes to investments, which returns a lo 5%, and the 0% down investment money added up to more in the end.</p><p>What I want to crunch next is 15 vs 30, with the expectation that all of the money after the house is paid off is then diverted into an investment account. I have a feeling it will be even worse for the 15yr loan because you lose the time value of money... in other words, you are so busy paying off debt, that you wouldnt be making any savings/interest.</p></blockquote><p></p>
[QUOTE="Iamchris, post: 16369664, member: 21687"] Our numbers are very similar, you figured for 3.25, I figured for 3.2. I didnt include the total paid in payments and interest in the post, but it is on my spreadsheet. The same money is invested in each scenario (both 0% down, and 20% down), the house ends up paid off after 30 years either way. The difference is the extra money in both scenarios goes to investments, which returns a lo 5%, and the 0% down investment money added up to more in the end. What I want to crunch next is 15 vs 30, with the expectation that all of the money after the house is paid off is then diverted into an investment account. I have a feeling it will be even worse for the 15yr loan because you lose the time value of money... in other words, you are so busy paying off debt, that you wouldnt be making any savings/interest. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Finance Question
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