- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: .
Posted on 7/28/20 at 11:30 am to Fletch1985
Posted on 7/28/20 at 11:30 am to Fletch1985
That’s between my wife and I. We ran the numbers and we are taking a 15 yr repayment option. That will make it about $1400.00 monthly payment.
We were paying $1,583.00 for just one, but we’re stretching it out and cutting our rate in half.
It’s saved us about a $1,000 a month (would have been $2500 a month), while building sustainable wealth in our prime young years. We are taking the payment difference and putting it in a brokerage account. We will beat the interest rate on that money over 15 years (3.95%).
We were paying $1,583.00 for just one, but we’re stretching it out and cutting our rate in half.
It’s saved us about a $1,000 a month (would have been $2500 a month), while building sustainable wealth in our prime young years. We are taking the payment difference and putting it in a brokerage account. We will beat the interest rate on that money over 15 years (3.95%).
1
Posted on 7/28/20 at 1:40 pm to DiamondDog
OP, if you trade your brokerage account properly, you are turning earned income into capital gains via this strategy.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News