Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

Should I wait to save up 20% downpayment on a 500k condo?
As I've crunched numbers towards what my family could afford for a down payment (in an area with similar housing costs - don't you hate that high cost of living?), I've come up with the following numbers: We may be missing some area of expenses, but in general I think we are being fairly conservative.  You should consider making a similar list to determine your comfort level. Spend some time with an interest calculator to know the serious pain of each dollar you are paying interest on to a lender. Also know that the bigger your down payment, the more likely the seller is to accept your offer.  It shows you are serious.