Real Estate Purchase, down payment question
Buying a condo, have the dollars to put up to 30% down. But wondering if it makes more sense to only put 20% down and invest/add other $ to my IRA? It about $25,000.
The difference in monthly payment is less than $200. I can handle the monthly difference.
Thank you
Terry Says
Gosh, that’s a tossup. Let me add a third consideration. Maybe keep the extra 10% for emergency repairs/needs for the condo. You’ll be surprised what needs fixing after you purchase!
