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Nov 12, 2024
8:50:40am
garyfan Truly Addicted User
Hard to ignore the loan period because that drives some of the pros/cons.
- Putting $300k down will give you the lower payment.

- Putting $200k down and then immediately paying $100k off will mean you have a higher payment but more of each payment would go towards principal.

This is holding interest rate, PMI, etc. constant.

Most people would probably prefer putting $300k down to lower the payment, but a quick spreadsheet will give you specific numbers to help you make a decision.
This message has been modified
Originally posted on Nov 12, 2024 at 8:50:40am
Message modified by garyfan on Nov 12, 2024 at 8:51:22am
garyfan
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garyfan
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