Comments on: More on Mortgage Comparisons – An Expanded Calculator http://allfinancialmatters.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: Mike http://allfinancialmatters.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/comment-page-1/#comment-132248 Mike Wed, 22 Aug 2007 22:49:16 +0000 http://allthingsfinancialblog.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/#comment-132248 I wish it were this simple. But there are several factors you may have missed with this calculation. One is the tax consequences which have a dynamic impact on real estate and other investments. The second point to think about for an example is you take the 15 year mortgage option and put all your money into paying down your mortgage. In year ten there is some kind of crisis a Flood, Tornado, Hurricaine, Fire, Medical problem, you lose your job or an economic depression. Would you rather have your money in a safe side fund or in the home you just lost or just can't sell. Home equity is best invested outside of the home. I wish it were this simple. But there are several factors you may have missed with this calculation. One is the tax consequences which have a dynamic impact on real estate and other investments. The second point to think about for an example is you take the 15 year mortgage option and put all your money into paying down your mortgage. In year ten there is some kind of crisis a Flood, Tornado, Hurricaine, Fire, Medical problem, you lose your job or an economic depression. Would you rather have your money in a safe side fund or in the home you just lost or just can’t sell. Home equity is best invested outside of the home.

]]> By: ispf http://allfinancialmatters.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/comment-page-1/#comment-104526 ispf Tue, 15 May 2007 21:13:23 +0000 http://allthingsfinancialblog.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/#comment-104526 This is a neat calc! If you have it as the excel file, I would appreciate a copy too. I want to play with #'s other than 15/30/40/50 years, and also with pre-payment amt that is different from the diff compared to 15 year payments. Thanks! ispf This is a neat calc! If you have it as the excel file, I would appreciate a copy too. I want to play with #’s other than 15/30/40/50 years, and also with pre-payment amt that is different from the diff compared to 15 year payments.

Thanks!
ispf

]]> By: kyle http://allfinancialmatters.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/comment-page-1/#comment-104469 kyle Tue, 15 May 2007 16:05:53 +0000 http://allthingsfinancialblog.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/#comment-104469 any way we could get this as an excel document? i'd sure like to play around with it a bit more. thanks, kyle any way we could get this as an excel document? i’d sure like to play around with it a bit more.
thanks,
kyle

]]> By: Kurt http://allfinancialmatters.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/comment-page-1/#comment-104448 Kurt Tue, 15 May 2007 14:06:19 +0000 http://allthingsfinancialblog.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/#comment-104448 How are taxes accounted for? Should the savings account returns/interest expense be pre or after tax? How are taxes accounted for? Should the savings account returns/interest expense be pre or after tax?

]]> By: JLP http://allfinancialmatters.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/comment-page-1/#comment-7094 JLP Tue, 13 Jun 2006 01:58:06 +0000 http://allthingsfinancialblog.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/#comment-7094 Dan, The problem has been fixed. I was thinkng about the end result and not the in-between results. Thanks for the catch. Dan,

The problem has been fixed. I was thinkng about the end result and not the in-between results. Thanks for the catch.

]]> By: Dan http://allfinancialmatters.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/comment-page-1/#comment-7039 Dan Mon, 12 Jun 2006 18:36:52 +0000 http://allthingsfinancialblog.com/2006/06/12/more-on-mortgage-comparisons-an-expanded-calculator/#comment-7039 Just looked at your expanded calculator....your networth calculation is off since it does not take into account how much you still owe on your house and deduct it from your networth Just looked at your expanded calculator….your networth calculation is off since it does not take into account how much you still owe on your house and deduct it from your networth

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