It depends on the number of subsequent years you live

来源: 于 2008-04-12 08:27:57 [旧帖] [给我悄悄话] 本文已被阅读：次

in your house.

If you take 7.75% loan, you will pay around $5400 more interest than 7% during 24 months afterward. If you live here more than 2 years, obviously 7% loan should be more interesting.

My calculation is rough and excluding tax benefits you may get from mortgage interests.

But the way of thinking should be fine.