$60,633.35 and if you keep the home for 30 years, it is very likely to appreciate by more than that amount. If you are worried about the ~$168 per month, it will be covered by a less than 5% raise on a $60k/yr salary, or two successive 2% annual raises, of which you should get the equivalent some time before 30 years.Rolling over a loan of $40,000 @ 5.99%, to a mortgage @ 2.99%, might reduce your interest rate by half and provide the perception that the vehicle is paid off, but the $40,000 becomes $60,000+ over the life of the loan. You'll be paying about $180 for 30 years.
It's not the best thing you can do with your money, but there are benefits for the patient.
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