Quote:
Originally Posted by merrymini
Paid it off at closing. My rate for the bond was about six percent. Stupid waste of money over the life of the bond. Anyone buying a house sharpens their pencils when doing the math and should be calculating that bond payment along with all the others expenses related to the home. Do not think that most do not.
|
Correct, over the life of the bond. But, you also need to factor in how long you will keep the house. If you sell it in less than 4 years or so, you will lose a lot more money than the 6 percent interest payments.