[quote=AN][quote=Jacarandoso]I get 3.75 for 30 years and 4.35 for 40 with the same closing costs on aimloan. 417 loan on 600k purchase w/impounds and above 740 credit.[/quote]
If my calculation serves me right, the monthly difference in payment is ~$100/month. I still think that’s not substantial enough to go another 10 years. Between 15 to 30 years, going an extra 15 years is a difference of ~$800/month. That’s worth it. Now, if the payment difference is ~$500/month, then I’d totally jump on the 40 years deal.[/qu

AN, I was not playing financial advisor with my friendly wisecrack that rates are near 4% for 40 years. I was replying to the notion of taking as long as one can to pay the money back at around 4%.

Your post was different regarding aimloan rates for 30 and 40 years,at least for what I saw, so I cleared that up.