Ideal down payment on a 600k house?

[Anonymous]

Anonymous wrote:$590k. A $10k mortgage is much easier than a $600k mortgage.

True but you are going to lose money by parking everything into the house. You would be better off taking the interest deduction and using 600K in a savings account or stocks

[Anonymous]

Anonymous wrote:

Anonymous wrote:120k. NO way would I buy that house with less than 80k down. That's just risky.

FWIW we bought a house in the 600s. The bills the first year were insane. WAYYYY more than we ever intended. Everything died: the AC, the grass, cars, moving expenses, roof leak, a rotten stair. You name it and the house was built in the 90s and was in good shape.

You must not live in the DC area, no house built in the 90s is 600k

Reston. And there are lots of houses in this area in the 600s that are a bit further out. Herndon, Ashburn, Sterling, Springfield and lots of other areas I can't look at because our jobs are in Reston.

[Anonymous]

Anonymous wrote:If you can get a good rate and avoid PMI, buy it with whatever you have. Don't keep waiting just to save up 20%...prices are likely to only go up.

Sorry, I meant to say if you can avoid the PMI that you can't get rid of later...like the FHA kind. PMI to start off with might be ok if you can get a great rate.

[Anonymous]

$120K - I wouldn't do more with these interest rates but I am of the camp that my money is better elsewhere when interest rates are this low.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:120k. NO way would I buy that house with less than 80k down. That's just risky.

FWIW we bought a house in the 600s. The bills the first year were insane. WAYYYY more than we ever intended. Everything died: the AC, the grass, cars, moving expenses, roof leak, a rotten stair. You name it and the house was built in the 90s and was in good shape.

You must not live in the DC area, no house built in the 90s is 600k

Reston. And there are lots of houses in this area in the 600s that are a bit further out. Herndon, Ashburn, Sterling, Springfield and lots of other areas I can't look at because our jobs are in Reston.

exurbs vs dc area

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:120k. NO way would I buy that house with less than 80k down. That's just risky.

FWIW we bought a house in the 600s. The bills the first year were insane. WAYYYY more than we ever intended. Everything died: the AC, the grass, cars, moving expenses, roof leak, a rotten stair. You name it and the house was built in the 90s and was in good shape.

You must not live in the DC area, no house built in the 90s is 600k

Reston. And there are lots of houses in this area in the 600s that are a bit further out. Herndon, Ashburn, Sterling, Springfield and lots of other areas I can't look at because our jobs are in Reston.

exurbs vs dc area

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:120k. NO way would I buy that house with less than 80k down. That's just risky.

FWIW we bought a house in the 600s. The bills the first year were insane. WAYYYY more than we ever intended. Everything died: the AC, the grass, cars, moving expenses, roof leak, a rotten stair. You name it and the house was built in the 90s and was in good shape.

You must not live in the DC area, no house built in the 90s is 600k

Reston. And there are lots of houses in this area in the 600s that are a bit further out. Herndon, Ashburn, Sterling, Springfield and lots of other areas I can't look at because our jobs are in Reston.

exurbs vs dc area

This PP is so lame. Finally, a non-city dweller does the right thing and doesn't "claim DC"....instead says "DC area" (which is entirely appropriate for this discussion), and this snob (who is likely a suburbanite themselves) is STILL not satisfied??! Gimme a break.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:120k. NO way would I buy that house with less than 80k down. That's just risky.

FWIW we bought a house in the 600s. The bills the first year were insane. WAYYYY more than we ever intended. Everything died: the AC, the grass, cars, moving expenses, roof leak, a rotten stair. You name it and the house was built in the 90s and was in good shape.

You must not live in the DC area, no house built in the 90s is 600k

Reston. And there are lots of houses in this area in the 600s that are a bit further out. Herndon, Ashburn, Sterling, Springfield and lots of other areas I can't look at because our jobs are in Reston.

exurbs vs dc area

This PP is so lame. Finally, a non-city dweller does the right thing and doesn't "claim DC"....instead says "DC area" (which is entirely appropriate for this discussion), and this snob (who is likely a suburbanite themselves) is STILL not satisfied??! Gimme a break.

Homes in desirable areas built in the 90s or newer are in the 900s+

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:120k. NO way would I buy that house with less than 80k down. That's just risky.

FWIW we bought a house in the 600s. The bills the first year were insane. WAYYYY more than we ever intended. Everything died: the AC, the grass, cars, moving expenses, roof leak, a rotten stair. You name it and the house was built in the 90s and was in good shape.

You must not live in the DC area, no house built in the 90s is 600k

Reston. And there are lots of houses in this area in the 600s that are a bit further out. Herndon, Ashburn, Sterling, Springfield and lots of other areas I can't look at because our jobs are in Reston.

exurbs vs dc area

This PP is so lame. Finally, a non-city dweller does the right thing and doesn't "claim DC"....instead says "DC area" (which is entirely appropriate for this discussion), and this snob (who is likely a suburbanite themselves) is STILL not satisfied??! Gimme a break.

Homes in desirable areas built in the 90s or newer are in the 900s+

Oh, so only wealthy (aka "desirable") areas are "DC area"? So you don't consider PG county, even on the border of the city, to be DC area?? This just gets better and better.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:120k. NO way would I buy that house with less than 80k down. That's just risky.

FWIW we bought a house in the 600s. The bills the first year were insane. WAYYYY more than we ever intended. Everything died: the AC, the grass, cars, moving expenses, roof leak, a rotten stair. You name it and the house was built in the 90s and was in good shape.

You must not live in the DC area, no house built in the 90s is 600k

Reston. And there are lots of houses in this area in the 600s that are a bit further out. Herndon, Ashburn, Sterling, Springfield and lots of other areas I can't look at because our jobs are in Reston.

exurbs vs dc area

This PP is so lame. Finally, a non-city dweller does the right thing and doesn't "claim DC"....instead says "DC area" (which is entirely appropriate for this discussion), and this snob (who is likely a suburbanite themselves) is STILL not satisfied??! Gimme a break.

Homes in desirable areas built in the 90s or newer are in the 900s+

Oh, so only wealthy (aka "desirable") areas are "DC area"? So you don't consider PG county, even on the border of the city, to be DC area?? This just gets better and better.