User Power
Value/Post Ratio
202%
- Mar 13, 2013
- 550
- 1,110
Here's a simple way to look at it: with $115K, if you can get a 5.22% return, you earn $6000 a year and can pay the $500 a month from that. 25 years later, you will have paid the $150K off and will still have your entire $115K.
Downside is you have $6K in taxable income to report for all 25 years, but that extra $150K of income (minus the $25K in losses immediately) won't cause you to pay $115K more in taxes. So yes, this is profitable.
Downside is you have $6K in taxable income to report for all 25 years, but that extra $150K of income (minus the $25K in losses immediately) won't cause you to pay $115K more in taxes. So yes, this is profitable.
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