You are taking out a fully amortizing loan for $2,000,000 over 30 years. I can choose between a loan at 7% with 3 points and a loan at 7.5% with no points.
If you plan to sell the property after 5 years, which loan will give you the lower effective borrowing cost?
Hi there! Click one of our representatives below and we will get back to you as soon as possible.