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

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Nov 12, 2024
9:16:15am

BIG XII Coug Unemployed BIG XII advisor

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

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BIG XII Coug

Previous username: njcoug
Bio page: BIG XII Coug
Joined: Oct 13, 2007
Last login: Nov 14, 2024
Total posts: 47,465 (19,257 FO)

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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

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