re: Minimum Amount Needed to Put Down on Home Purchase

quote:

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ETA: The only time you should every pay off anything quickly is if you plan on keeping it your whole life or it is an item that depreciates (like a car)

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Agreed, plus he didn't convert those payments back to present value.

The RD loans do have a fee that gets added to the loan value. The income ceiling is also a factor.

I've heard of 80/15/5 loans where you take loans out to pay the 20% down and avoid PMI.