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interest rates
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coyotehunter
Posted 3/3/2021 21:02 (#8871337 - in reply to #8871096)
Subject: RE: interest rates


Border - 3/3/2021 19:30

??? If you have a million dollars on a five year at 2.5 vs a 30 at 4% you pay 680,000 less in interest cost if you have the 30 you have 158,000 more a year to spend on those other high roi things. If you take that 158,000 extra every year and get 8% you would have 1.1 million.
And not everyone can payoff a piece of land in 5 years lol.


in our case we were 4 years into a 20 year land note, after refinancing and keeping the same pmt per acre and shaving off 4.5 years of time value and interest paid makes a huge difference on the ammort table and principle rolldown.
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