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SVTPerformance's Chain of Restaurants
Road Side Pub
Finance Question
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<blockquote data-quote="RunninHorse" data-source="post: 16369721" data-attributes="member: 197475"><p>I may be missing something. It looks like our 0% down numbers are very similar, but there's a big difference between our 20% interest calculations. You said $154k and I calculated $88k.</p><p></p><p>Assuming my math is correct, your $70k down could save you $110k in interest over the life of the loan. Going with 0% down, if you can invest and turn 70k into 180k over 30 years, about 3.15% interest, you'd break even. The catch is you'd have to invest that 70k on day one of the mortgage, so that money would be tied up anyway. Or you'd have to get a great return on some other type of investment.</p><p></p><p>I hope that makes sense.</p></blockquote><p></p>
[QUOTE="RunninHorse, post: 16369721, member: 197475"] I may be missing something. It looks like our 0% down numbers are very similar, but there's a big difference between our 20% interest calculations. You said $154k and I calculated $88k. Assuming my math is correct, your $70k down could save you $110k in interest over the life of the loan. Going with 0% down, if you can invest and turn 70k into 180k over 30 years, about 3.15% interest, you'd break even. The catch is you'd have to invest that 70k on day one of the mortgage, so that money would be tied up anyway. Or you'd have to get a great return on some other type of investment. I hope that makes sense. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Finance Question
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