how to pay loan 欢迎讨论

来源: pyramid 于 2008-06-06 20:41:44 [] [旧帖] [给我悄悄话] 阅读数 : (1137 bytes)

assume 30 year fixed, 5.75% interest rate.

if you bot a house for $400,000, and have $80,000 cash in hand, here are two scenarios:
1. you put $80,000 as downpayment and borrow 320,000 loan;
2. you put zero downpayment and borrowed 400000, but pay (one time) 80,000 extra to your principal the first time
you pay your mortgage.

Q1: which way is better?

I played a little bit using the following calculator, seems to me with #1 option, I pay a total
of 672277.79 + 80000; while with #2, I pay a total of 603453.89, a 150000 savings.

http://www.bloomberg.com/invest/calculators/mortgage.html


Of course, above assumption does not hold in realities, you have to pay higher interest rate zero downpayment. So

next question:

Q2: till how high of the interest rate, you still win with #2 option?

Using that calculator again, I found I almost always win (the calculator does not allow rate go above 25%).


但是, 如果你用#2, 你每月的月供增加了---对于 fixed rate, 你不能少付 mortgage.


好了, 我说的够多了, 你总共付的钱并不是唯一的判据. 大家讨论讨论吧.

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• 回复：how to pay loan 欢迎讨论 -红焖羊肉- ♀ 给 红焖羊肉 发送悄悄话 红焖羊肉 的博客首页 (143 bytes) () 06/06/2008 postreply 20:59:24

• 回复：回复：how to pay loan 欢迎讨论 -pyramid- ♂ 给 pyramid 发送悄悄话 (110 bytes) () 06/06/2008 postreply 21:30:53

• 回复：回复：回复：how to pay loan 欢迎讨论 -爱家的男人- ♂ 给 爱家的男人 发送悄悄话 爱家的男人 的博客首页 (535 bytes) () 06/07/2008 postreply 14:31:13

• option 1 is better -mayflower~- ♀ 给 mayflower~ 发送悄悄话 (154 bytes) () 06/07/2008 postreply 06:34:22

• Q1是常见问题，Q2不是好问题 -爱家的男人- ♂ 给 爱家的男人 发送悄悄话 爱家的男人 的博客首页 (624 bytes) () 06/07/2008 postreply 08:13:12

• 回复：Q1是常见问题，Q2不是好问题 -爱家的男人- ♂ 给 爱家的男人 发送悄悄话 爱家的男人 的博客首页 (41 bytes) () 06/07/2008 postreply 10:54:21

• Option 2 is better for refinance -tianming- ♂ 给 tianming 发送悄悄话 tianming 的博客首页 (175 bytes) () 06/07/2008 postreply 10:18:27

• You need recalculate你再算算，论点论据相勃 -爱家的男人- ♂ 给 爱家的男人 发送悄悄话 爱家的男人 的博客首页 (280 bytes) () 06/07/2008 postreply 10:47:40

• 回复：You need recalculate你再算算，论点论据相勃 -爱家的男人- ♂ 给 爱家的男人 发送悄悄话 爱家的男人 的博客首页 (46 bytes) () 06/07/2008 postreply 10:56:09

• updated after calculation - 回复：You need recalculate你再算算，论点论据相勃 -tianming- ♂ 给 tianming 发送悄悄话 tianming 的博客首页 (1189 bytes) () 06/07/2008 postreply 17:27:47

• 回复：how to pay loan 欢迎讨论 -pyramid- ♂ 给 pyramid 发送悄悄话 (584 bytes) () 06/08/2008 postreply 09:18:04

• 不借利息最省；月供高利息少；博士论文说的。 -free2005- ♀ 给 free2005 发送悄悄话 (0 bytes) () 06/08/2008 postreply 10:00:53

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