cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board - View Single Post - the mortage mess is really the housing price mess

Indy Coug · 09-17-2008, 02:56 PM

Some very crude numbers how much additional home you could get for the same price, but at a lower interest rate.

Code:

Int Rate $2000/mth P&I   % Increase
8%	$274,384.10 	0.00%
7%	$302,368.72 	10.20%
6%	$335,251.14 	22.18%
5%	$374,115.58 	36.35%
4%	$420,318.89 	53.19%

Yes, it was an unbelievable systemic failure.

09-17-2008, 02:56 PM	#2
Indy Coug Senior Member Join Date: Jan 2006 Location: Between Iraq and a hard place Posts: 7,569	Some very crude numbers how much additional home you could get for the same price, but at a lower interest rate. Code: Int Rate $2000/mth P&I % Increase 8% $274,384.10 0.00% 7% $302,368.72 10.20% 6% $335,251.14 22.18% 5% $374,115.58 36.35% 4% $420,318.89 53.19% Yes, it was an unbelievable systemic failure. Last edited by Indy Coug; 09-17-2008 at 02:59 PM.