Re: Help me settle this 20 yr fixed vs 30 yr fixed mortgage debate
1. Open Excel.
2. Figure out what tax rate you want to use.
3. Figure out what investment rate you want to use.
3. Spend 10 minutes playing with numbers to find out your answer.
The risks are that your tax rate won't be accurate over such a long period and your rate of return will be wrong for years 20-30.
Seriously, take some time and figure this out for yourself. It will get you thinking about investing more than somebody here giving you the answer. I know this post is not helpful, but you should use this as a learning exercise.
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