Related Posts
37 / 13 years / 215K / PDX
Anyone have a crypto kitty?
More Posts
Any idea where is Uday Odedra joining??
Additional Posts in The Real Estate Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.





basically looking for a formula i can plug my “extra dollar amount” and interest rate in to result the ‘extra’ loan amount that would result
Mentor
Go to Zillow or Redfin, find a similar property in the area and do their monthly cost estimator, adjusting for your specific situation
There are too many variables at play at a local level for us to assist in any meaningful way. The above method will give you immediate feedback on your situation
it answers the question for me. what i wanted to compare is the price of a house on a dry lot + the cost of renting a dock slip vs the price of a house on the water.
the $400 a month id spend on renting a dock slip is approx worth 65k in additional mortgage at 6% interest.
houses on the water are more expensive than on dry lots by substantially more than 65k. if you understand the back of the napkin math im doing here, you see why i wanted to approximate the value
Present value of an annuity? You have payment, rate, and term. Just throw it in excel.