02-20-2007, 04:41 PM
There's plenty of such information out there for anyone who takes 5 minutes to research a purchase. However, there is a large fraction of the buying public out there who will never see past the "initial purchase price", no matter what information you give them. There was a guy at work a while ago who was sticking with his 12% mortgage rate because the period of a refi loan was longer than his original loan so he thought that it MUST cost more (even though I pointed out to him that he could pay it off at any time. Some people just can't understand even very basic arithmetic.