| Author | Message | ||
     Kubang Celebrity Bewarse Username: Kubang Post Number: 32854 Registered: 09-2011 Posted From: 161.141.1.1 Rating: N/A |
here is my calculation, I have assumed a $500k loan just for simplicity: 15 years @3%, total interest: $120,720 15 years @3.125%, total interest: $126,286 20 years @3.625%, total interest: $202,310 20 years @3.75%, total interest: $209,658 at the end of the day, you want to pay as less interest as possible because what ever you save there remains with you. as you can see shortest duration and less interest % is a no brainer. Ignorance is bliss |