[throw123123123]

<- My monthly payments are identical to had I bought at $600k at 6%. If I stay there, I'm not much worse off. It's harder to pay off the home quickly.

You are a lot worse-off. If you buy at 6%, and then rates go down to 2%, you can refinance and your home is valued at a higher rate. IF you buy at 0%, you bought the house at the peak, and cannot refinance the debt.

[enkid]

But you would have a lower payment because you bought at a lower rate, no?

[j7ake]

You would have the same payment as someone at a higher rate because at higher rates, someone would would have purchased the same home at a lower price.