Feb 8, 2016
1:41:21pm
1:41:21pm
I think more important than the down payment is the impact on monthly cash flow
Even if you have a large down payment, if the monthly mortgage payment takes up 35-40% of your monthly income, you aren't going to have much room for these unexpected costs. But if it's only 20%, you should still have room in the budget to save up for maintenance, taxes, etc.
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- Skeptical Optimist
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- workindev
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2/8/16 1:37pm
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2/8/16 2:05pm
put down the minimum. if you aren't going to get to 20% there is no advantage to putting down more than
2/8/16 1:46pm
2/8/16 2:54pm
2/8/16 1:51pm