this post was submitted on 06 Jun 2026
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me_irl
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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