That's an extra $1.48 per month for the first year, and (I didn't try to actually do the math, this is off the top of my head based on the 2.5% mentioned) around 35 cents per month on top of that for year 2, then another additional 35 cents per month for year 3, and so on for a total of 10 years including the first $1.48. So, at the end of the 10th year, you will be paying $5 per month more than you were this year.
I'm not seeing much of a problem here.
|