Should You Put 5% Down on a Mortgage When You Can Afford 20% or More?

 

5% Down, 20% Down? Which Mortgage Makes More Sense? 

Bill Rayman takes you step by step through the numbers to show you convincingly that a 5% down payment on your home mortgage is a much better financial decision in 2013 that putting down 20% or more.  STIPULATION!  You may prefer the emotional benefits of the high down payment.  But with interest rates at historic lows, locking in the MOST possible principle will pay you massive financial benefits over the long term.

Check out some of our fantastic mortgage calculators to find out the details in your own situation.

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		FHA Loan Limits The FHA Loan Limits calculator helps you calculate the size of the loan the FHA is willing to insure.