Your payment is lower with 300K down, you would pay less overall and finish

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

Nov 12, 2024
8:53:41am

cougaman Intervention Needed

Your payment is lower with 300K down, you would pay less overall and finish

Payment with 100K payment

Report problem with this ad

cougaman

Bio page: cougaman
Joined: Mar 11, 2006
Last login: Nov 14, 2024
Total posts: 72,085 (5,326 FO)

Report problem with this ad

Messages

Author

Time

Finance experts - let's say you buy a $1,000,000 home. Is it better to put $200K down, then immediately make a $100K

Ragnar Danneskjold You know...

Nov 12, 8:40am

Better to put all 300k down

DirtyWater

Nov 12, 8:41am

And probably get a better interest rate.

kccougar

Nov 12, 8:41am

$300k down. Lowers the monthly pmt

TeeKaa

Nov 12, 8:41am

Yep if you want a lower payment 300k down. If you want it paid off faster 100k

johnnybyu

Nov 12, 8:44am

If your making regular pmts after the purchase, I’d calculate the pmt with 20%

TeeKaa

Nov 12, 9:15am

Don't know. TNT has never bought a $1,000,000,000 home

TNT

Nov 12, 8:42am

Are you making a $100,000 payment and then just making regular payments

ebv

Nov 12, 8:42am

If you put $200k down, your closing costs and P&I are based on an $800k loan

Skeptical Optimist

Nov 12, 8:43am

Ask the loan guy if the rate changes with the different loan amount

stoils

Nov 12, 8:50am

Hard to ignore the loan period because that drives some of the pros/cons.

garyfan

Nov 12, 8:50am

Your payment is lower with 300K down, you would pay less overall and finish

cougaman

Nov 12, 8:53am

Put $100k down and invest the other $200k in stock options.

Nov 12, 9:16am

I'm putting it all on BYU!

Ragnar Danneskjold

Nov 12, 9:53am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad