This is in regards to my previous question
I was thinking on only buying a house if I could make the monthly mortgage payments on a 15 year fixed rate loan because the 30 year fixed loan is 59k in interest over 30 years and the 15 year loan interest is only 19k (40k less interest to pay). My other consideration is, is it financially smart alternative if I can pay the monthly mortgage and get the 30 year fixed mortgage AND contribute 25% to my 401k? I really don't want to get a 30 year mortgage and pay 40k in interest and wait 30 years to pay it off (unless refinance), but to be able to do both it might be the only way possible, unless I just don't get a house until I am older. Maybe 59k interest over 30 years isn't that bad, I don't know, but I know a lot of other things I could do with an extra 59k.
Added (1). 40k more*
Read more: Should I buy a house or max out 401k, revised?
