We’re looking to purchase a house. Priced at $560k. We have the funds to put down 20% plus closing costs. But does that mean we should? The loan officer provided the following break down:
https://imgur.com/a/Zr7nSeR (Currently we have selected the first option 20% down) And to add, the rate was locked 2.5wks ago for a 75 day lock. (Before anyone comments on the rate being ‘trash’)
Also, we are NOT considering the 5% down, its just what the LO provided. I think we’re between 15% or 20%.
Thoughts?
