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Right now it's a 20 year loan at 5%, $106 a month, but we're going to pay 50% of it cash and 50% HELOC for tax deduction purposes. There's a 30% tax deduction
by matt_wulfeck 9y ago
Right now it's a 20 year loan at 5%, $106 a month, but we're going to pay 50% of it cash and 50% HELOC for tax deduction purposes.
There's a 30% tax deduction one time for the total cost. My loan payment is less than my precious monthly power costs including taxes and fees ($15 a month to be hooked up to PG&E).