Submitted by Vivid_Fox617 t3_10pyb51 in personalfinance
yes_its_him t1_j6mycmm wrote
Reply to comment by Vivid_Fox617 in Mortgage vs withdrawal with income tax hit for home purchase by Vivid_Fox617
Basically yes, if we ignore time value of money.
6% of 200,000 would be about $12,000 annually. It's likely that it would take several years for that to work out to the extra tax from taking the money sooner, but that depends on a bunch of parameters.
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