Zillow Advice: Home Buying - Planning Ahead: Getting married summer of 2015. House downpayment. http://www.zillow.com/advice-thread/Planning-Ahead-Getting-married-summer-of-2015-House-downpayment/509378/ Zillow Advice | Zillow Real Estate There are a lot of different ... http://www.zillow.com/advice-thread/Planning-Ahead-Getting-married-summer-of-2015-House-downpayment/509378/ There are a lot of different options you have. With that down payment amount a conventional loan at this time (it changes all the time) would want 5% down payment.&nbsp;<br/>Another thing to look at is lenders will use 45% of your monthly income allowable for debt payments ie: house payment, car payments, credit cards. I have a buyer right now in a very similar situation and she qualified for 175k.&nbsp;<br/>Honestly I would go talk to a lender and get firm numbers just to know what is best for you and your family. I wish you the best of luck. Fri, 15 Nov 2013 05:47:00 GMT http://www.zillow.com/advice-thread/Planning-Ahead-Getting-married-summer-of-2015-House-downpayment/509378/ 2013-11-15T05:47:00Z The average house in Salt ... http://www.zillow.com/advice-thread/Planning-Ahead-Getting-married-summer-of-2015-House-downpayment/509378/ The average house in Salt Lake County is appreciating by around $2,000 a month right now and has been for about the last 16 months. (approximations)<br/><br/>If you were to wait to save up an extra $5,700 in three years, assuming that the market holds steady as it is predicted to, you will have missed out on ~$70,000 in equity. The market should slow its increase at least a little starting next year to maybe around $1,200 a month putting that equity figure closer to $43,200. Either way, you would be behind from a financial standard.<br/><br/>Perhaps a better option would be to invest the money you have into a purchase soon (in the 4th quarter of the year) and save the $5,700 as an emergency account. In 3 years you could sell and claim your original investment of $20,000 back plus the new found equity and move up to something bigger. You would at that point have something close to $60,000+ to work with at that point instead of $31,200.<br/><br/>I have plenty of other ideas that may work for your situation that I would be happy to share with you, you can send me a private message and we can discuss the details of your situation further.<br/><br/>Hope this helps. Sat, 31 Aug 2013 05:07:00 GMT http://www.zillow.com/advice-thread/Planning-Ahead-Getting-married-summer-of-2015-House-downpayment/509378/ 2013-08-31T05:07:00Z