Hello PFC Fam, I’ve been missing posting on the community but I have a question for ya’ll.
I’ll use the PFC article as a reference.
We’re in the process of purchasing a home, current cost is $1.2M , it’s still not a done deal, but as for the loan (2.99% interest), we’re putting a 20% down payment, but in reality we could go up to 30% down payment (which was already allocated for) .
If we were to do the 30% down payment, at the end of the loan of 30 years, we would have “saved” ~ $31K in interest, this would translate to a return of ~2.5% over 30 years.
And the article referenced above got me wondering, if it would make more sense to just do the 20% and invest the remaining money and let it grow, which could most likely give me a return higher than 2.5%.
What do ya’ll think?