Quote:
Originally Posted by FreeHugeMovies
Hmmmmm, we aren't allowed to give out expert advice to things not pertaining to real estate. LOL
Are you guys calculating 20% down payment with one extra payment a month?
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What does a 20% down payment have to do with a $200,000 loan? A $200,000 loan is a $200,000 loan. It doesn't matter what you paid on top of that as a down payment.
If your house was $200,000, you put down a 20% down payment of $40,000, you would then effectively have a $160,000 loan (assuming you did not add on another $40,000 to the loan just for the hell of it), not a $200,000 loan.
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