Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Down payment size, would you do 50%"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I'm curious why the monthly payment would be "too high" in this situation. If you empty out your investments, you're going to take a long long time to save up the same amount of money to get to where you currently are. Assuming you get a slightly lower mortgage, let's say $2,000, how many months will it take you to save up the extra $300K you put down for your down payment from just saving $2,000 a month? You also have to realize that the $300K will, on average, increase by 10% each year in the s&p 500. So in one year, your 300k will grow 30k. Meanwhile, you've saved only 24K extra from your lower mortgage payment of 2K a month. This doesn't make sense to me. OP - I think we need more info on how much you guys currently spend on needs/wants and how much you currently save each much. We also need how much you think you'll save on the mortgage if you make a 50% downpayment, rather than 20%.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
