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Help me think this through.
I picked a 4.6% with 1 point for 30 years over 4.45 with 1 point for 15 years because the 30 yr mortgage gives me the flexibility to make double or almost double payments which will decrease the time to pay off significantly. It won't lower it to 15 years but close enoigh for me. I didn't want to get locked into a higher 15 yr payment just in case I might not be able to afford it in the future.
Also, I chose the 1 point because I plan to stay in the mortgage for a while and in my calculations, the fees can be paid off in 3.4 years or so.
How's my logic? Did I make the right choice?
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