Which physician loan would you choose?

[Tim]

“That good” depends on the timeframe.snd the opportunity cost of the alternative use.
The interest rate spread is historically really small and 30 years fixed on $800k is a long runway. You tend to compare short term to long term. That is fair. But 3% long term is pretty sweet. The piece missing is the cash flow.
The payment is much lower, invest at a higher return. Yes, more interest, but you ignored the investment opportunity. You have the tick, but not the tock. There is a long term opportunity here.
The reason this is attractive is the liquidity risk seems minimal or even favorable.This is a simple use of capital allocation and leverage for the long term

[jfoxcpacfp]

I am not sure what to expect, but I feel like if I can get .5% improvement in the loan with a 7 ARM, on an $800,000 house, over 7 years that's $28,000 in savings. Is that not worth it?

It depends what you do with the downpayment and what rate you can get after 7 yrs. An ARM is somewhat of a gamble unless you plan to have a slush fund to pay it off in 7 yrs, not in BTC, TSLA, or RE LPs. Just understand the risks you are taking - we've been in this low interest rate cycle a very long time. While it might last that much longer, some of you younger homebuyers have never experienced anything else and that is a little scary to me.

In general, when it comes to RE, I would do whatever Zaphod says.

[GastroMastro]

It depends what you do with the downpayment and what rate you can get after 7 yrs. An ARM is somewhat of a gamble unless you plan to have a slush fund to pay it off in 7 yrs, not in BTC, TSLA, or RE LPs. Just understand the risks you are taking - we've been in this low interest rate cycle a very long time. While it might last that much longer, some of you younger homebuyers have never experienced anything else and that is a little scary to me.

In general, when it comes to RE, I would do whatever Zaphod says.

fair enough, although in my original post I did not offer Zaphod the choice of any 30-year fixed interest loans and now I am much more inclined to choose that option

[nastle]

I have funds to cover 20% down payment if I wanted, so this is purely a financing question. For all of these options, there are no points.

1. 10% down, 7/1, 2.375%,

2. 0% down, 7/1, 2.72%

3. 5% down, 7/1, 2.6%

4. 10% down, 5/1, 2.25%

5. 10% down, 10/1, 2.5%

Number 2
what are the best options for 0 % down
30 yr mortgage
?

[GastroMastro]

Number 2
what are the best options for 0 % down
30 yr mortgage
?

for 0% down, the best i could find for 30 fixed is 3.6. for 5% down, the best I can find is 3.25%

[Tim]

for 0% down, the best i could find for 30 fixed is 3.6. for 5% down, the best I can find is 3.25%

Which lenders and what state? Makes a difference.

[nastle]

for 0% down, the best i could find for 30 fixed is 3.6. for 5% down, the best I can find is 3.25%

Thank you
can you please share where ? I’m looking for California

[GastroMastro]

Thank you
can you please share where ? I’m looking for California

It's not California

[nastle]

It's not California

I just found out you cannot do 0% down in California either it Has to be at least 5%