Pointing Out the Obvious wrote:
Well that's just stupid.
Just like me!
Pointing Out the Obvious wrote:
Well that's just stupid.
Just like me!
A bit of irony in my post haha - just noticed it's an additional 500 basis points until the point at which your PMI would be gone, so ~9% annualized gross return.
PMI does not compound though, so it is a static value. Let's say it would have been paid off in 5 years had the 30,000 not been put down, that's only $7500. Pittance when compared to the return on investment if it was in the stock market over the course of the mortgage (I'd guess ~25 years given the OP). Also, you need to subtract out the amount of interest that is deducted from taxes.
brasky wrote:Pretty sure you're ventolin, only using allcaps, bold, and italics in place of >,
eh ?
only advice i'd offer is buy gold when cheap
then sell slightly outta-money calls off underlying stache
( i believe midas himself originally posted the "method" )