Plan your mortgage with wealth in mind
I'm Morty, your agentic assistant. I analyze the long-term wealth impact of housing decisions, not just monthly payments. Try a scenario below to see how I think.
Can I afford a $750k home for residence with $180k annual income, $150k down payment, and $800/month in existing debt payments? I have excellent credit. Compare 30-year fixed at 6.75% vs 5/1 ARM at 6.25% for a $600k home for investment with $120k down payment and 1.2% property tax rate. I have a $550k home with $110k down, 6.5% interest rate, 30-year term, and 1.1% property tax. What happens if I make an extra $500/month payment? Run a buy vs rent analysis: $650k home to reside in with $130k down, 6.8% rate, 30-year loan, 1.3% property tax, vs renting for $3,200/month. Assume 3% home appreciation and rent growth, 5% investment returns, and a 10-year horizon.
