30 year and Invest or 20/25 year
Debating on down payment and amortization .
I’m trying to decide whether to put less down ($200,000) and take a 30 year amortization and invest $125,000 in my index funds. I feel like with interest rates being so low, I would come out ahead investing the money elsewhere and then if rates go up I can put a lump sum on when I renew?
Or am I better to put more down ($300,000-$325,000) and take a shorter amortization of 20-25 years?
I’m trying to decide whether to put less down ($200,000) and take a 30 year amortization and invest $125,000 in my index funds. I feel like with interest rates being so low, I would come out ahead investing the money elsewhere and then if rates go up I can put a lump sum on when I renew?
Or am I better to put more down ($300,000-$325,000) and take a shorter amortization of 20-25 years?