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Updated about 6 years ago,

User Stats

98
Posts
17
Votes
Andrew Caldieraro
  • Collinsville, IL
17
Votes |
98
Posts

20 vs 30 yr loan tax benefits

Andrew Caldieraro
  • Collinsville, IL
Posted

I’m looking to purchase a duplex and can do a 30 year loan at 5.375% (monthly payment is $1114) or a 20 year loan at 5.0% (monthly payment of $945). Are there any tax advantages of going with the 30 year loan? I don’t see much benefit of doing the 30 year loan as I’d only save ~$170/month in terms of cash flow, unless there would be some tax benefits...

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