4 ms·
Not really. It adds substantially to the 30Y total cost.
by foobiekr 4y ago
Not really. It adds substantially to the 30Y total cost.
- dahart 4y agoThat wasn’t the question, right? I think you’re completely agreeing with me and disagreeing with @xcambar if we’re talking about a 30Y loan and maintenance costs. Maintenance costs and taxes start on year 1 and continue forever. So when you finish paying off the mortgage, the substantial loan payments end and go away while the maintenance costs continue. This will be a big change in your expenditure, speaking from experience.