Where the 2 years would almost certainly come into play is if you were asking to include your variable incentive pay in your DTI. 10% down is great but I've been hearing that they are adding several points worth of fees to 2nd home loans, which makes it closer to 15% down by the time it's said and done but you aren't getting the equity pay down from that extra 3-5%. 

Hi Micah,There are lots of variables here but this is what I know.

Hi Kali,I'm not sure what rental calculator you are referring to, but I use an Excel spreadsheet that has the variables embedded which makes the process easier.

That's not for everyone as there are many variables involved with building and I have experience in new construction. 

My appraisal came back at 1.1 mil which with 75% LTV and the money I cash out would pay off my variable rate HELOC.

I'd highly recommend learning a lot more about it.Whether cashing out of your personal home, would depend on a different number of variables - lowering rate/payment, what you are using your cash for - general purposes or buying more assets, cost, etc.

Commercial rates right now, even some most residential can be anywhere from 5-6 % or more depending on variables like LTV, what type of loan product/note, amortization schedule, etc.

Haha, and that's when developing country folks are purchasing a house with an average rate of 8-12% with 15 years variable-rate mortgage.Last time I checked, the GDP ratio to house pricing in the Northern America region is 25x.In the Asia region where 5-8% inflation is 'normal' and nobody care, the GDP ratio to house pricing is 65-80x.

Think about it, we place our high-dollar/low-margin/variable-outcome investments in the hands of strangers (are we crazy???).

I wonder if it was a 20 year variable rate around 4.75%.