554
Me_irl
(lemmy.today)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Jun 2026
554 points (100.0% liked)
me_irl
7947 readers
739 users here now
All posts need to have the same title: me_irl it is allowed to use an emoji instead of the underscore _
founded 3 years ago
MODERATORS
600k at 3%, you need 229k down (38%) to pay $2,025/mo (assuming extremely low property tax and insurance).
850k at 8.5%, you need 40k down (4.71%) to pay $6,850/mo (assuming extremely low property tax and insurance).
40k seems like a much more reasonable down payment....
The 600k house at 3% with 40k down would be $2,821/mo. Almost $4k/mo difference from the 850k example.
So their point still stands
Isn’t 20% standard? Where can you get a house for 3% down in today’s market?