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edit: I'm an idiot, ignore all this.
When rates go up would you not be better off overall having paid off more of it now? ie you've got 500k left now, person A pays it off faster and B is paying as little as possible. In 5 years A has 400k left and B has 440k left. Rates go up to 10% and they both switch to paying as little as possible. A will pay off the 400k left + $514k in interest over the next 20 years. B will pay off the 440k left + $565k in interest.
B ends up paying $51k more overall by not paying off the $40k more early on, so you'd have to do pretty well with your other investments to cancel that out. Obviously this is all 100% dependent on what future interest rates will be, which we have no way of knowing.
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1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed]
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Originally Posted by maksimizer
half those dudes are hotter than ,my GF.
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Originally Posted by RevYouUp
reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z
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Originally Posted by Good_KarMa
OH thank god. I thought u had sex with my wife. :cry:
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Last edited by underscore; 11-19-2020 at 07:11 PM.
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