Home Down Payment Strategy Help

[matta_prabhu]

6 hours ago, chicagoafdb said:

Home price is around 600K. Need help with down payment strategy.

Builder is offering around 15-18K Buy down options. I can do 20% or more. I am thinking to do 200K, so that monthly EMI bit less. pooling almost my savings.

As I read online they suggest not to do and divert to investments. With these interest rates, what is best, looking for suggestions.

I am very bad at investments, Lost money at India ( bad ) investments, bit with stocks here. I am not sure putting $$ in Index funds will be better?

@veerigadu @ForEverJava @Complex @Thokkalee

5 percent kana 1$ ekkuva down chesina née Antha waste fellow ekada vundadu 

dcu is giving 3 percent down with no Pmi option 

[chicagosubbu]

Go with 20% down or more keep your money commitment low. 
 

With new homes expenses, how long will you take to save another 200k ? 

[SaradaChinnodu]

@chicagoafdb 6 months emergency savings already untey ...go ahead with 20% downpayment lekapothey 20% - 6 months savings as down payment ....anthey simple bro..

[chicagoafdb]

36 minutes ago, matta_prabhu said:

5 percent kana 1$ ekkuva down chesina née Antha waste fellow ekada vundadu 

dcu is giving 3 percent down with no Pmi option 

so dcu is allowing for 3% down and no pmi insurance is required ? are using this option already..

[BMDablu]

200k unnodivi ippatidaaka em sesav konakonda..

ippudu konaku unless u are getting interest rates atleast in 4 point something with a good deal in home price and dont put more than 20%

ibonds pettu 20k.. capitalone is offering 5% anukunta.. 

2024 lo things will be better

 

[matta_prabhu]

6 minutes ago, chicagoafdb said:

so dcu is allowing for 3% down and no pmi insurance is required ? are using this option already..

3 percent down and no pmi … yup