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Old 12-15-2022, 10:37 AM   #193
longislander
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Join Date: Jun 2007
Location: Moultonborough
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Agree with phoenix.

Also,

Did this one more thing before heading out:

https://www.bankrate.com/mortgages/a...on-calculator/

Loan amount: $14,243,415
Loan term: 10 Years
Rate: 4%
Loan start date: Dec 2022 (just for this exercise not 2023)


Results I got:

Monthly payment: $144,208
Total Interest paid: $3,061,503
Total cost of loan paid: $17,304,918
Payoff date: Dec.2032
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