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#1 |
Senior Member
Join Date: Apr 2004
Location: phoenix and moultonboro
Posts: 1,556
Thanks: 61
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or a liability depending on your prospective. Also, the estimate is not binding, and the cost could be higher if approved and goes out to bid as everything is going up including interest rates
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it's tough to make predictions specially about the future |
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#2 |
Senior Member
Join Date: Jun 2007
Location: Moultonborough
Posts: 546
Thanks: 49
Thanked 100 Times in 75 Posts
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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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