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re: Extra $10,000: finish paying off truck or put towards down payment on a house?(Updated)
Posted on 7/7/20 at 7:21 pm to Undertow
Posted on 7/7/20 at 7:21 pm to Undertow
Take the future value of three scenarios:
1)Future value of you not making payments at whatever interest rate for however many payments are left
2)$10k at the ROR of what you think the house will appreciate at minus PMI.
3)$10k at 6-8% for however long you are going to live in the house.
Which ever one has the highest future value wins.
1)Future value of you not making payments at whatever interest rate for however many payments are left
2)$10k at the ROR of what you think the house will appreciate at minus PMI.
3)$10k at 6-8% for however long you are going to live in the house.
Which ever one has the highest future value wins.
This post was edited on 7/7/20 at 7:28 pm
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