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  1. Perp

    Need advice on breaking my fixed loan

    To make up $17K on a $247K loan over the remaining 3 years 9 months, you'd have to be, on average, 1.84% better off than remaining fixed. ($17K / 3.75 years = $4,530 pa, $4,530/$247K = 1.84%) So the question is, are variable interest rates between now and June 2013 likely to average less...
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