View Single Post
  #41  
Old 10-10-2007, 12:17 AM
chopstick chopstick is offline
Senior Member
 
Join Date: Mar 2005
Location: the dusty Winnemucca road
Posts: 782
Default Re: advice for first time home buyer?

[ QUOTE ]
I was always led to believe that you will save a ton if you are not paying interest for those extra 15 years. If you guys could clear this up I would be greatful.

[/ QUOTE ]

Yes, your are correct. See prohornblower's post. The 30 year option means paying $100K more in interest.
Reply With Quote