Many real estate advice columns will tell you to put a 20% down payment on your home. At face value, this sounds like good advice. If you put down 20%, you avoid mortgage insurance, your monthly payment will be lower, and you will pay less in total interest.
All of those reasons are great. We did actually have enough cash to put down 20%, here is why we didn’t follow this advice.
This post is math heavy, so grab your pocket protectors!