Re: for 30-year loan# Living
s*e
1 楼
just did an accurate calculation for 200K loan:)
worst case for 5ARM in 7 years=>5*5%+7%+9%
pay interest 77183.84, loan balance left 180549.85
30 fixed in 7 years=>7*6.25%
pay interest 83507.67, loan balance left 180067.18
5ARM is slightly better than 30 fixed in 7 years,
pay 6323.83 less interest with 482.67 more balance
if tax benefit is 1/3, save $1625
worst case for 5ARM in 7 years=>5*5%+7%+9%
pay interest 77183.84, loan balance left 180549.85
30 fixed in 7 years=>7*6.25%
pay interest 83507.67, loan balance left 180067.18
5ARM is slightly better than 30 fixed in 7 years,
pay 6323.83 less interest with 482.67 more balance
if tax benefit is 1/3, save $1625