Angelo Magee
Region: US
Wednesday 26 August 2026 23:22:42 GMT
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Sir Fuego997 :
I mean it takes 10 years to spend that 120k on the mortgage. if he invests 120k in a HYSA he would make about 4-5k a year. id make that extra annual payment to reduce principle and keep the 120k in my pocket
2026-08-27 01:50:55
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Karadoodle1 :
I feel like you really shouldn’t be buying a home if you’re not going to put the 20% down
2026-08-27 15:37:26
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phillyouin | AI & Tech :
Keep the 120 in the bank. Don’t buy equity upfront.
2026-08-29 22:48:55
0
Zeddy Bear :
I would buy a 200k house instead. why fuck w banks.
2026-08-28 19:05:08
7
Ashley G ✨ :
Def save the money monthly. Recurring bills are the silent killer.
2026-08-29 01:58:41
1
Mayo is a NO :
I’d put 5% down, take the higher payment til closing then put the remaining 15% as an “extra” or “principle” only patient (permitted your loan allows that without penalty). Then eliminate my PMI. When interest rates drop, refinance
2026-08-27 06:12:33
6
Brandee Summers :
well. considering 120k is 120 payments. and a mortgage has 360. ya know. loan amoratization and all is on microsoft excel. yall need to stop acting like you can't see how the interest works. especially the mortgage. cuz this comment should explain why. you buy the bank 2 houses for the cost of your one. you paid for all 3. gotcha.
2026-08-27 06:08:34
36
Evo B. :
Never do 20% down, do lowest amount and stay liquid with extra funds and have it work for you HYS or investments, diversification is key in an environment where the landscape of demand steady changes
2026-08-28 03:08:17
1
MacabreCinema :
Depends on what he plans to do with the 120k. If it's sitting in a traditional savings account, it's a bad move. If he's investing it in the stock market and gets an average return of 8% it turns in to 1.21 million in 30 years.
2026-08-27 01:53:24
29
lynnloucks0695 :
I would put 20% down. I can stay out of escrow and PMI. I would still pay that extra 1k a month to principle. can refinance if rates drop because I have that 20% equity.
2026-08-27 05:46:57
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SmurfMiata :
ive got to get rid of that PMI payment for it to make sense. so 20%
2026-08-28 04:04:48
1
Lexi :
All of it sounds stupid to me
2026-08-27 14:17:35
3
Scottb804 :
Put the 20% down and see what a 15 year mortgage costs vs 5% down. Also, 20% gets you out of paying mortgage insurance.
2026-08-27 14:11:23
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Shortycovercall :
If you can find an investment with a better return than 1k mo or equivalent then do that otherwise… the answer is right in front of ya
2026-08-27 00:31:07
4
BourbonFun :
Need more information. How expensive is the PMI, and how fast have properties in the area been appreciating? Also, what is their income?
2026-08-27 16:27:57
3
e j :
Keep that 120 lol what
2026-08-27 09:49:56
1
slomjh2🌈🏴 :
Pay off the house ASAP interest is wasted money.
2026-08-27 06:18:32
2
Devinski_ :
Hold that 120 for repairs, improvements, furniture
2026-08-27 10:35:01
1
:0 :
That depends entirely on the interest rate.
2026-08-27 23:19:54
1
ghostfaceluisge :
I would never get a house with that stupid price.
2026-08-27 13:39:26
0
hi👋👋 :
5% down, invest the rest. Usually people will refinance down the line. Plus you'll need money to furnish the place 🤣
2026-08-27 05:37:51
1
hotdawghaley :
Always 20% for me. Payment being low as possible monthly allowed me to feel more comfortable
2026-08-27 20:42:54
0
Alex :
Can you make 12k a year with 120k? Yes, flip vehicles, other properties etc
2026-08-27 13:56:57
0
❤️🔥👑Artistic👑❤️🔥 :
Depends on their average rate of return.
2026-08-27 19:17:22
0
Matthew Hamann :
Probably take the $1k cheaper gives you more room if something goes wrong and $40k will still cover you for almost all emergencies
2026-08-27 19:21:30
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