Time = Money
A look at interest rates & buying power:
Loan Amount | Int over 10 yrs | Int over 10 yrs | Savings | |
w/ 6.375% | w/ 7.00% | Total Savings | Monthly Savings | |
$400,000 | $237,492 | $262,594 | $25,102 | $209.18 |
$500,000 | $296,865 | $328,243 | $31,378 | $261.48 |
$600,000 | $365,238 | $393,892 | $37,654 | $313.78 |
$700,000 | $415,611 | $459,540 | $43,929 | $366.08 |
$800,000 | $474,984 | $525,189 | $50,205 | $418.38 |
$900,000 | $534,357 | $590,838 | $56,481 | $470.68 |
$1,000,000 | $593,730 | $656,487 | $62,757 | $522.98 |
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