Is there any reason to put between 6% and 19% down on a house?
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Date: February 24th, 2026 2:04 PM Author: obsidian site son of senegal
forced savings
a dislike of debt
reduced vulnerability to interest rate hikes
(http://www.autoadmit.com/thread.php?thread_id=5837960&forum_id=2Reputation#49691872) |
Date: February 24th, 2026 2:18 PM Author: Arousing light tanning salon
for one, various closing costs seem to be proportionate to the amount of the loan, for example county costs to record the mortgage. title insurance may also increase too.
thus, taking a bigger loan means you're paying unnecessarily costs.
(http://www.autoadmit.com/thread.php?thread_id=5837960&forum_id=2Reputation#49691933) |
Date: February 24th, 2026 9:18 PM Author: jade nursing home
It could affect your PMI or your rate.
FWIW, financial "experts" really hate PMI - but i did the math when I bought a house and it was like an extra $70 a month to just put 5% down - so investing that extra $100,000 was a clear winner at a 3% rate.
Probably not the case now but goes to show how the conventional wisdom is usually not from people who've done any actual analysis.
(http://www.autoadmit.com/thread.php?thread_id=5837960&forum_id=2Reputation#49692960) |
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