this post was submitted on 06 Jun 2026
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me_irl
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Those numbers are so not reality. $2K/month is nowhere near the payment for the first one.
It could be. The very key thing that is left out of both is the down payment amount
600k at 3%, you need 229k down (38%) to pay $2,025/mo (assuming extremely low property tax and insurance).
850k at 8.5%, you need 40k down (4.71%) to pay $6,850/mo (assuming extremely low property tax and insurance).
40k seems like a much more reasonable down payment....
The 600k house at 3% with 40k down would be $2,821/mo. Almost $4k/mo difference from the 850k example.
Isn’t 20% standard? Where can you get a house for 3% down in today’s market?
So their point still stands
It's $2028/mo. Think before you say these things, Mitch.
Yeah I had a 300k house at 3% was around 2k
You seem like someone who would be prepared if gravity reversed itself.
Not quite, I'm still working out where to keep my phone. Velcro chafes.