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down payment slightly higher than 20%: does it make sense? 
27th-Aug-2009 01:54 am



Hello, I am going to buy a house and can put about 25% down. Does it make sense? Can this give me a better rate? I know that putting down at least 20%  makes difference but is it worth putting more than 20% down

28th-Aug-2009 04:07 am (UTC)
i dont think a jump from 20 to 25 gets you a better rate. besides, it doesn't make that much of a difference in your monthly payment (abt $100 on a $300k house according to mortgage calculators) so why tie up your cash when you might need it?
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