Have 200k saved up and interested in buying a 3 bed/1 bath for 270k. Family will be able to cover the mortgage. Should I cough up and buy?

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Folks will need more info than the 3 data points you have shared here. Just trying to help - Got to put in more effort to frame the question if you expect people to invest time in helping you.

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If you'd like, please message me and I can send more data points thank you!

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Agree with M1 here. Are you saying you'd put down the whole $200K? I'm keeping this simple, but factoring closing costs (I'll say $8K), that would leave a balance of $78K. If you got a 30 yr 4% loan (if you get lower, it will be cheaper) your monthly payment would be about $1200 (P&I, Taxes, & insurance (I don't know where you live, so could be more/less).

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My bad. I must've made a mistake when I entered this morning. Here we go.

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I would buy in Lodi CA. Definitely wouldn't want to pull all 200k,just 10% down.

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