f****t
发帖数: 1063 | 1 Let us the monthly payment is 1000
monthly payment of 1000 = 12 payments / year = 12K
bi-weekly payment of 500 = 26 payments / per year = 13K
so one can finish the loan earlier.
So there is no benefit to do the half-month payment, for example, if I pay
500 at the 1st and 15th of each month, it would be same as that I pay 1000
at the 15th of each month.
are I right? |
c****o
发帖数: 32446 | 2 不对吧，一个月2次付的利息要少于一个月一次的，因为利息是在剩余本金基础上算的 |
K****D
发帖数: 30533 | 3 Although I haven't read the terms, but from what I heard, you are
completely right.
There is no trick in paying down your mortgage. You pay more, you get
out of debt earlier.
【在 f****t 的大作中提到】
: Let us the monthly payment is 1000
: monthly payment of 1000 = 12 payments / year = 12K
: bi-weekly payment of 500 = 26 payments / per year = 13K
: so one can finish the loan earlier.
: So there is no benefit to do the half-month payment, for example, if I pay
: 500 at the 1st and 15th of each month, it would be same as that I pay 1000
: at the 15th of each month.
: are I right?
|
K****D
发帖数: 30533 | 4 You save around 500 bucks in 30 years. I would ignore that part.
【在 c****o 的大作中提到】
: 不对吧，一个月2次付的利息要少于一个月一次的，因为利息是在剩余本金基础上算的
|
f****t
发帖数: 1063 | 5 How? I think the saving is 0.
【在 K****D 的大作中提到】
: You save around 500 bucks in 30 years. I would ignore that part.
|
K****D
发帖数: 30533 | 6 0 is also possible. Depending on the 小字。 I can't tell before I read
the 小字。
【在 f****t 的大作中提到】
: How? I think the saving is 0.
|
f****t
发帖数: 1063 | 7 我的逻辑是这样：半个月发一次工资，大部分人都市把这钱放到checking/saving, 不
是CD/stock. 考虑到低的利息和税，还不如先交掉一半mortgage, 如果这样能省半个月
的利息的话。
就是不知道lender 给不给省。
【在 f****t 的大作中提到】
: Let us the monthly payment is 1000
: monthly payment of 1000 = 12 payments / year = 12K
: bi-weekly payment of 500 = 26 payments / per year = 13K
: so one can finish the loan earlier.
: So there is no benefit to do the half-month payment, for example, if I pay
: 500 at the 1st and 15th of each month, it would be same as that I pay 1000
: at the 15th of each month.
: are I right?
|
K****D
发帖数: 30533 | 8 I said, read the terms.
【在 f****t 的大作中提到】
: 我的逻辑是这样：半个月发一次工资，大部分人都市把这钱放到checking/saving, 不
: 是CD/stock. 考虑到低的利息和税，还不如先交掉一半mortgage, 如果这样能省半个月
: 的利息的话。
: 就是不知道lender 给不给省。
|
s**********d
发帖数: 36899 | 9
一般monthly的不给省。不过及时算你算算差的很小。一般loan几十年就几百块吧。
你要是弄个reward checking利息还能比mortgage高。
【在 f****t 的大作中提到】
: 我的逻辑是这样：半个月发一次工资，大部分人都市把这钱放到checking/saving, 不
: 是CD/stock. 考虑到低的利息和税，还不如先交掉一半mortgage, 如果这样能省半个月
: 的利息的话。
: 就是不知道lender 给不给省。
|
f****t
发帖数: 1063 | 10
May I know how you come the estimate of several hundreds?
I thought it would be much more than that for a 250k 30years 5.5% loan?
basically is the 500 DCA for half month of each month with 5% return?
【在 s**********d 的大作中提到】
:
: 一般monthly的不给省。不过及时算你算算差的很小。一般loan几十年就几百块吧。
: 你要是弄个reward checking利息还能比mortgage高。
|
K****D
发帖数: 30533 | 11 That adds up to a $500 CD for 15 years at mortgage rate, on a 30-year
mortgage.
【在 f****t 的大作中提到】
:
: May I know how you come the estimate of several hundreds?
: I thought it would be much more than that for a 250k 30years 5.5% loan?
: basically is the 500 DCA for half month of each month with 5% return?
|
