jim_ohio, thanks for doing that math. I was wondering what those numbers would be as well.
I personally plan on staying in the house probably 7-10 years, but we'll of course be looking for something we can stay in all 30+ years if necessary.
After all the input, I think I'm going to go with my original plan of the 30 year fixed so that I can get a better house (which hopefully means better resale value and holds value better).
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