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Figuring out how to optimize down payment vs. interest rate for a new home
Figuring out how to optimize down payment vs. interest rate for a new home My wife and I recently purchased our first home (VHCOL area), and we’re currently in the process of finalizing the finances and the mortgage. The purchase price was $1.855M, and our lender gave us two options:
20% down payment with an interest rate of 7.375%, resulting in a monthly mortgage payment of $10250 25% down payment with an interest r...
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