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Trying to figure out whether borrowing some money from my 401k for a downpayment is a good idea
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I am trying to buy a place . I have 15k for a downpayment . The place is 175k , The taxes 3000 hoo $368
If I borrowed 20k from my 401k ( I usually get 7% return on ave yearly) to get to a 20% downpayment would it even out with the the savings on PMI and interest?
I have no idea how to do this math
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