• For many who planned to buy good $600,000 house, and borrowed $480,000 (80%), the entire cost of the borrowed funds prominent and you will rate of interest out-of 2.69% was $699,961, getting a month-to-month fees away from $step 1,944.
• Compare that with an effective 5% put towards the higher interest (borrowing $570,000), and you will you’ll pay $879,585 overall, getting a month-to-month installment off $2,443. Read more “Very so you’re able to afford’ the low put means you would ideally need to earn more – go shape”