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Mortgages - down payment size / term
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Chapped3rdEye Offline

Posts: 162
Joined: Jul 2011
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Mortgages - down payment size / term
I found a house I want to buy (Odds of hiding the salam with a girl I get through the door of this place is about 99% - chix will lurrrve it). Costs ~50k. I have ~25k. Currently I could pay $400-500 a month for a mortgage payment and that number probably won't go up or down much for a couple years.

My instinct is to put down like 20k (40%) and get a 10 year loan on the rest. I end up paying 6.5k interest that way.

There's somebody on here who knows the optimal move.
02-25-2012 10:15 PM
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Mortgages - down payment size / term - Chapped3rdEye - 02-25-2012 10:15 PM

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