3 ms·
> If your principal is ~$1.5k/mth, then you actually own an extra $1.1k/mth The cost of the house (not counting principal repayment) was $400 above my rent, no
by bachmeier 3y ago
> If your principal is ~$1.5k/mth, then you actually own an extra $1.1k/mth
The cost of the house (not counting principal repayment) was $400 above my rent, not $400.
- reducesuffering 3y agoIf your monthly PITI payment is $4k, principal $1.5k, rent $3.6k, then your net worth hit is actually only $2.5k/mth from the house. If you’re saying interest, taxes, and insurance were all $4k/mth, $400/mth, then sure, but people usually don’t talk about the costs of their mortgage that way.