Would it have made a difference?

Question

I am sure there is a long drawn out formula to figure this out but I got a loan for a home and bought it for around 129K. I put no money down b/c I was told that 5,000 to 10,000 would not have made that much of a difference in my mortgage payment. It is around 900 a month.

My question is what sort of difference would it have made to put around 5 to 10k down? My loan rate is fixed if that makes a difference.

Answer 1

I hope my suggestion could be helpful.And here is resource that I am used to use.Check it out.http://home-loan.online-frees.info/home-...

Answer 2

basically you would have saved the down payment multiplied by your interest rate a $10K down payment would equate to about $50 per month @ 6.5%.