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An example
of a 300k loan @ 1.25% vs. a 6% / 30 yr. Fixed. It is never a fixed rate note and after 5 years your rate changes monthly. You
are paying to the balance the full
index rate from day one. If you go back into the starter rate again after 3 years, you pay refinance cost again.
39,228.
$5820.
$485.
1800.
$1315.
yr. 5
$6912.
$576.
1800.
$1224.
yr. 4
$7944.
$662.
1800.
$1138.
yr. 3
$8832.
$736.
1800.
$1064.
yr. 2
$9720.
$810.
1800.
$990.
yr. 1
Total saved:
Saving yearly
Saving month
6%
fixed
1.25%
plan
300k
P.&
I.
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