Hi guys I’m 23 years old and married. I am buying my first house and had a question. I have the money for 20% down. Should I do this or should I invest the money in my retirement and only put 3.5% down? It will up my monthly payments by about 300 dollars. In the long term putting the money in retirement would make more over the house. But the higher mortgage payment makes me worry more. What are your thoughts? Some more info below
Income- 90k (will drop in 3 years because wife will stop working. Will probably be around 70-80k then)
20% down mortgage payment - 1300 3.5% down mortgage- 1600
I’m an accountant
The house is $292,955
Submitted October 23, 2021 at 12:09PM by OKCfan3509 https://ift.tt/3B7Rd4H
