Posted by David Alexander on October 25, 2000 at 15:01:54:
that is the question.
CashFlow is of course the most important thing to me. But if you want to protect creating equity then raise the price of the house and leave the payment the same, reduce the interest that way if an early payoff comes then you still have your equity and they still have a livable payment.
95,000 7% 360 632.04
Wrapped with 95k 11% 360 904.71
or to keep the equity structure it as 360 months at 904.71, 7%, 135,984.76 (136k)
That should give you the idea anyway.