Quote:
Originally Posted by project15
I would think the 2nd house in that dual 15-yr situation because chances are that I would upgrade at that 15 year mark since I would have a huge down payment and probably make more.
If it's just one 15 year fixed vs. one 30 year fixed, the 15 year would have the most value at the end of the 30 years because I'm paying less overall on it but it's still worth a similar amount as the 30 year fixed.
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Bad phrasing.
15 yr fixed and 30 yr fixed houses have the same VALUE because you are comparing the same house.
30 yr fixed had a higher interest payment and higher cost.
If you are analyzing costs, 15 yr fixed wins
If you are analyzing net worth, 30 yr fixed/ invest the difference wins without much competition.
If you are analyzing rates of return, the 30 yr fixed wins without much competition.