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<- My monthly payments are identical to had I bought at $600k at 6%. If I stay there, I'm not much worse off. It's harder to pay off the home quickly. You are

<- My monthly payments are identical to had I bought at $600k at 6%. If I stay there, I'm not much worse off. It's harder to pay off the home quickly. You are a lot worse-off. If you buy at 6%, and then rates go down to 2%, you can refinance and your home is valued at a higher rate. IF you buy at 0%, you bought the house at the peak, and cannot refinance the debt.

deleted 5y ago
[deleted]
enkid 5y ago
But you would have a lower payment because you bought at a lower rate, no?
- j7ake 5y ago
  You would have the same payment as someone at a higher rate because at higher rates, someone would would have purchased the same home at a lower price.