Submitted by corumgold t3_11e7u9z in personalfinance
84740296169 t1_jadxqfa wrote
Reply to comment by redditenjoyer737 in Pay off the rental house mortgage or continue investing? by corumgold
That's just annual savings, in terms of present value (assuming he goest through the whole loan this way) it's about $10,000 in savings. PV of $800 payments a month for 11 ish years at 4.61% compared to $95000 on the loan.
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