Nov 12, 2024
8:50:40am
8:50:40am
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.
- 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.
Originally posted on Nov 12, 2024 at 8:50:40am
Message modified by garyfan on Nov 12, 2024 at 8:51:22am
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Finance experts - let's say you buy a $1,000,000 home. Is it better to put $200K down, then immediately make a $100K
Nov 12, 8:40am
Nov 12, 8:41am