Quote:
Originally Posted by rustyp
Did you happen to ask what the interest rate is today on the bonds in those areas ?
$80K 30 years @ 5.0% Is
- $430/month
- $155K payback
I'd be looking preowned.
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Unless you are keeping your money under a mattress, $80K invested 30 years @ 5% it will grow to $345,755.
You will have earned $345,000 in interest.
It's unlikely you will fully recover the full amount of a bond early payment in the sale price of a home.