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re: The math for buying a home no longer works, per WSJ

Posted on 12/21/23 at 9:24 pm to
Posted by Dawgfanman
Member since Jun 2015
22664 posts
Posted on 12/21/23 at 9:24 pm to
quote:

Assuming a 20% downpayment, someone would need to save $50k.


FHA - 3.5% down
Posted by alexahet
Everywhere
Member since Apr 2010
3145 posts
Posted on 12/22/23 at 9:14 am to
Sure but does that then make the mortgage payment unattainable with the higher loan plus PMI? I haven’t had my coffee so I’m not about to do the math right now.

I can also tell you that in some markets, doing an FHA puts you at a disadvantage
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