I think you got a very good loan. 6.1% APR FIXED for a 40 year loan, 100% LTV, no PMI is just insanely great. What are your payments like?

Those who disapprove – remember: he will be paying his loan with $ that is half its value from today in 10 years, quarter its value in 20 years and 1/8th in 30 years. All the time getting a tax writeoff. If this is not a deal, what is it? In effect, he will be paying just a fraction of the amount owed, in terms of purchasing power.