I assume the bond interest is amortized like a home mortgage and, like a mortgage, over 20 or 30 years. Since the best of accounts, even on line, appear to pay only about .6 Percent these days, those bond payments, I think mine was close to 6 percent, can really bust the bank, your bank that is. People underestimate how much it costs them over the life of the loan because the yearly payments do not seem that big. Use an amortization calculator and you will see how much in interest you wind up paying. Ouch! We paid off our bond on purchase because we planned staying in the house long term.
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