this post was submitted on 10 Mar 2025
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Not easy but have enough surplus to cover those things.
Also try to remember all the mortgage you're paying you'll most likely get back when you sell, unlike when you rent.
I sure wouldn't say 'all'. The first years of your mortgage you are paying the bank more in interest than you are knocking off the principal.
A $300k home with 20% down and an interest rate of 3.5% on a 25 year amortization schedule will see the buyer paying $8k in interest versus $6k towards the principal at the start. Over the course of the mortgage, the $300k home will cost $420k thanks to the $120k in interest the bank takes.