Originally Posted by
flyer4512
A little off topic but my opinion on mortgages is if you can't afford 15 years you are buying too much house.
If ~ $750 a month makes or breaks you on a $350K mortgage you are cutting things too close IMO
Freddie Mac today
30 years 4.33% $1738/month, interest paid ~$275,000
15 years 3.35% $2476/month, interest paid ~ $95,000
I completely agree--which is why I'm planning to relocate out of Southern California. $350K hardly buys you a condo anymore.