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re: The math for buying a home no longer works, per WSJ
Posted on 12/20/23 at 9:22 am to JohnnyKilroy
Posted on 12/20/23 at 9:22 am to JohnnyKilroy
quote:
This is horrible advice lmao.
If you put off buying a house because you are afraid of PMI you are retarded.
Especially if you make a plan to pay extra and get rid of the PMI quickly.
If you have a $285,000 mortgage for 30 years at 7% interest and you make an extra payment ($1,896) every 3 months you pay off your house 14.6 years sooner.
This post was edited on 12/20/23 at 9:25 am
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