01-25-2024, 03:36 PM
|
#29764
|
|
nuggets mod
Join Date: Feb 2002
Location: richmond
Posts: 7,075
Thanked 3,962 Times in 996 Posts
Failed 178 Times in 60 Posts
|
Quote:
Originally Posted by PeanutButter
Never mind.. It's a horrible deal.
So I took the $80,000 down payment
and then added $527 per month (which is the negative cash flow I would be putting in) put it into a compound interest calculator
@5% interest compounded over 25 years = $592,336
@6% interest compounded over 25 years = $722,405
@7% interest compounded over 25 years = $884,941
@8% interest compounded over 25 years = $1,088,404
@9% interest compounded over 25 years = $1,343,504
@10% interest compounded over 25 years = $1,663,796 (Average S&P 500 return)
|
The fair comparison would be to ask what that 400k condo is worth in 25 years.. I'm not saying it's a good investment, but its not 400k vs 1.6M
__________________
I searched for truth, and all I found was You
|
|
|