Search results

  1. S

    Save for house down payment or max 401k

    With rent you walk away 10k positive, plus what ever repairs would be say 5k, you still will be ahead of buying by 15k not to mention when you sell real estate agent is going to take at least 12k in fees this puts renting positive more than 20k. As others said OP is 27 this will not be his...
  2. S

    Save for house down payment or max 401k

    @brownie44 5 years on 400k = 30 year mortgage interest 7% with 20% down~ 100,000 Taxes (8000 yr) ~ 40,000 Home owners (2000 yr) ~ 10,000 Hoa (total guess prob low 300) ~ 18,000 Closing costs ~ 7000 Increase in principle value ~ 15,000 Over 5 years ( not including repairs) 160,000 in sunk...
Back
Top