Principal: | 113647 | 25500 | 43000 | TOTAL: | 182147 | |
Monthly Interest due: | 644 | 144.5 | 283.08 | TOTAL: | 1071.58 | |
ballpark 15 year payoff: | 1275.37 | 286.17 | 521.97 | TOTAL: | 2083.51 | |
ballpark 10 year payoff: | 1591.06 | 357 | 641.42 | TOTAL: | 2589.47 | |
ballpark 5 year payoff: | 2538.12 | 569.5 | 999.75 | TOTAL: | 4107.37 |
Wife | You | TOTAL: | notes | |
2830.53 | 0? | 2830.53 | current situation | |
2830.53 | 2735.20 | 5565.73 | you=resedency, wife still works | |
2830.53 | 6082.26 | 8912.79 | You=post-residency, wife still works | |
0 | 6082.26 | 6082.26 | You=post-residency, wife stays home |
My question is, how is that "worse" than renting?
live with her family for a year rent free
My question is, how is that "worse" than renting? Assuming monthly payments are relatively equal, between renting and owning, isn't it better to own?
My question is, how is that "worse" than renting? Assuming monthly payments are relatively equal, between renting and owning, isn't it better to own?
The type of place you will be willing to rent and the type of place you will want to buy are likely not going to be the same.
this! student loans first, then down paymentMy question is, how is that "worse" than renting? Assuming monthly payments are relatively equal, between renting and owning, isn't it better to own?
The type of place you will be willing to rent and the type of place you will want to buy are likely not going to be the same.
This. If you compare what you're paying now in VA or assume renting and buying will have the same monthly payment, then buying at $900/mo looks good. If you assume you might be able to get the Texan cousin of your Arlington apartment for like $500/mo, putting the monthly difference towards your loan for a few years might be the way to go.
but many new parents-to-be have made the mistake of thinking that future-baby = bigger house/car/etc. (Myself included - we bought our first house when we started trying to conceive. Turns out, it's harder to make a baby than we thought and we're on our third house now :/ Life is what happens when you're busy making other plans, I guess...)