{"id":532,"date":"2013-06-23T17:32:50","date_gmt":"2013-06-23T21:32:50","guid":{"rendered":"http:\/\/trepryor.com\/blog\/?p=532"},"modified":"2024-09-26T16:01:40","modified_gmt":"2024-09-26T16:01:40","slug":"regrets-ive-had-a-few-hopefully-taking-advantage-of-historically-low-interest-rates-isnt-one-of-them","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/regrets-ive-had-a-few-hopefully-taking-advantage-of-historically-low-interest-rates-isnt-one-of-them\/","title":{"rendered":"Regrets, I&#8217;ve Had a Few. Hopefully Taking Advantage of Historically Low Interest Rates Isn&#8217;t One of Them"},"content":{"rendered":"\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/YWfExtiXU40?rel=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n\n\n\n<p>Please pardon my epically long title above but I wanted to make a point. You know the famous Frank Sinatra song, My Way, right? Well, a portion of the lyrics are:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Regrets, I&#8217;ve had a few<br>But then again, too few to mention<\/p>\n<\/blockquote>\n\n\n\n<p>How about you? Are your regrets too few to mention?<\/p>\n\n\n\n<p>Most experts agree that we are past the lowest interest rates in history. History!<\/p>\n\n\n\n<p>Did you buy it? Did you refinance? I sure hope so!<\/p>\n\n\n\n<p>Because if you didn&#8217;t, you&#8217;ll likely regret it. Just how much remains to be seen.<\/p>\n\n\n\n<p>Skeptics say, &#8220;What&#8217;s the big deal? It&#8217;s just a few bucks each month.&#8221;<\/p>\n\n\n\n<p>Okay, and I&#8217;m sure we all have so much extra money to burn, right?<\/p>\n\n\n\n<p>For a $200,000 loan, here are the different amounts of interest (not principal) you would pay during all of the 30 years, for each interest rate.<\/p>\n\n\n\n<p>3.5% &#8211; $123,312.18<br>4.0% &#8211; $143,739.01 (or $20,426.83 more than at 3.5%!)<br>4.5% &#8211; $164,813.42 (or $41,501.24 more than at 3.5%!)<br>5.0% &#8211; $186,511.57 (or $63,199.39 more than at 3.5%!)<br>5.5% &#8211; $208,808.08 (or $85,495.90 more than at 3.5%!)<br>6.0% &#8211; $231,676.38 (or $108,364.20 more than at 3.5%!)<\/p>\n\n\n\n<p>So&#8230; do you have an extra $100k lying around to waste on that additional interest? I know I don&#8217;t.<\/p>\n\n\n\n<p>Please don&#8217;t regret missing out on the best financial home-buying deal of our lifetime. Think of all the extra Starbucks you could buy. ;^)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Please pardon my epically long title above but I wanted to make a point. You know the famous Frank Sinatra song, My Way, right? Well, a portion of the lyrics are: Regrets, I&#8217;ve had a fewBut then again, too few to mention How about you? Are your regrets too few to mention? Most experts agree [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[682],"tags":[2021],"class_list":["post-532","post","type-post","status-publish","format-standard","hentry","category-trends-statistics","tag-historically-low-interest-rates","entry"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=532"}],"version-history":[{"count":1,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/532\/revisions"}],"predecessor-version":[{"id":21743,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/532\/revisions\/21743"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}