i did a calculation myself. savings from 1st 5 yr could offset any increase
in int costs if rate goes up < 2.5%. so, 0-10 yr is a wash.
not worth to pay or buy down rate in this environment. takes 3-4 yrs to
just recover the upfront costs.
truth is 5/1 ARM is good for almost all ppl. but if you want peace of mind,
30-yr is the way to go. rates are at all time low. even it shoots up a
couple %, still cost of borrowing is still extremely cheap.
i suppose you can borrow from anyone and just p