this post was submitted on 06 Jun 2026
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me_irl

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[–] thallamabond@lemmy.world 11 points 1 week ago (6 children)

You gotta roll home owners insurance in there, and taxes.

[–] dparticiple@sh.itjust.works 12 points 1 week ago (5 children)

That's realistic, but the infographic doesn't include tax and insurance. Working backwards, it has:

  • Home price: $600,000
  • Down payment (20%): $120,000
  • Loan amount: $480,000
  • Interest rate: 3.0% fixed
  • Term: 30 years (360 months)

The monthly principal-and-interest payment is exactly as the post said, $2024 / month.

Has insurance gone up? Absolutely? Have property taxes generally rise? They have. But this is an honest like-for-like comparison.

[–] Blum0108@lemmy.world 8 points 1 week ago (2 children)

Who has 120k lying around for a down payment?

[–] duckwingthegoose@lemmy.world 2 points 1 week ago

Someone selling a home they already own. I know thats not helpful to most, but thats the only realistic way to have 120k sitting around

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