20%. Avoid PMI.

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May 17, 2018
4:09:16pm

frontrowcougar All-American

20%. Avoid PMI.

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frontrowcougar

Bio page: frontrowcougar
Joined: May 21, 2007
Last login: Mar 17, 2020
Total posts: 22,487 (540 FO)

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Messages

Author

Time

POLL: Down-payment size on mortgage?

scootsy First name: Tom; Last: Foolery

5/17/18 3:53pm

Go big or go...back to your apartment.

5/17/18 3:57pm

Yeah, just trying to figure out if adding $20k to down payment to is smart to reduce monthly payments by $150/month if I

scootsy

5/17/18 4:02pm

In my ignorant opinion, I would go with a bigger downpayment.

5/17/18 4:10pm

I certainly wouldn’t keep the $20k to spend on furniture.

5/17/18 4:36pm

20% and cash out or HELOC as soon as you have enough equity.

Baron

5/17/18 4:00pm

20%. Avoid PMI.

5/17/18 4:09pm

Typical CB advice. Just put down 100k its super easy!

Twin Roots

5/17/18 4:15pm

Put down as little as possible, get negative points

stoils

5/17/18 4:18pm

might depend upon the interest rate...$20K in the bank at 1% isn't much...but

Nat Gas Man

5/17/18 4:47pm

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