Submitted by lillianr23 t3_10tk2ev in personalfinance
Hi everyone,
I'm thinking about fully purchasing a home (home price ~350-400k) with my windfall. That being said, I know that it makes more sense to put, say, 10-20% as a down payment, and the rest can go into a good S&P500 index fund since it will historically give me better returns. However, with such high interest rate at around 6%, would it be better to just pay it fully?
I'm not in need of that cash since I have some emergency funds. Thank you so much.