PREVIEW ONLY · NOT ACCEPTING REQUESTS · NOTHING IS SENT TO A LOAN OFFICER
FOR BUYERS
Love the home. Keep your options.
Your down payment shapes more than your loan. It also decides how much cash you have available after closing. Here is how to think about that tradeoff.
Request my strategy reviewDown payment versus cash reserves
Put more down
- Smaller loan balance
- Lower monthly payment
- May reduce or remove mortgage insurance
- Less cash on hand after closing
Keep more in reserve
- Cash for repairs, furniture and surprises
- More flexibility if life changes
- Larger loan and monthly payment
- Possible mortgage insurance cost
Neither side is automatically right. The goal is a plan where the house works and your savings still do their job.
Questions to answer before you decide
- How many months of expenses do I want available after closing?
- What will the home likely need in its first year?
- How long do I plan to stay?
- What monthly payment feels comfortable, not just approved?
- Could seller concessions help with closing costs?
Request my strategy review
We can lay out two or three down payment options side by side so you can see what each leaves you with.
This is a short request, not a mortgage application. No credit check.
Prefer to reach out directly?
Eric, Haley and Sue bring mortgage know-how and local relationships to the table. Call or email any of them.
