Search results

Spend $15k on painting and it'll look fantastic!

Using your figures from the original post, and assuming a 46.5% tax payer, borrowing 100% of the total cost, the annual holding cost is approx $10k per year, at interest rates of 6.5%, interest only. This rises by roughly $2.5k for each 1% increase in interest rates. So, let's say a normal...