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In response to
"But that means more interest paid in total over 30 years vs a 5 year car loan, right? -- nm"
by
ty97
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That’s offset by increasing your free cash flow over that time period due to the lower payment from amortizing over 30 years instead of 5, though -- (edited)
Posted by
znufrii
Oct 31 '24, 09:02
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Guessing that all other things being equal the risk free return on that cash flow is less than what you’d pay for your mortgage so you can use it to pay down extra principal if desired.
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