"So the bank gets $755K for your $609K meaning the bank wins by $145K!"
For a start your maths is wrong...
$300k X 9% X 25 = $675k.
$300k X 3% compound X 25 = $628k.
Secondly, throw in the 25 years worth of rent, and some capital appreciation in the property above and beyond inflation, and the picture is very pretty for our property investor.
Thank you, BG. I rest my case.
You rest your case?
What? Oh no, I thought that was just a figure of speech. CASE CLOSED.
