### Comment:
I would never put down 6% on a $1.6 million home, that's crazy. You end up paying like $2.7 million vs. $2.2 million with a 20% down payment. 
  
 Really over $1 million i don't think I would take out a loan, I would buy something cheaper until I could afford to pay cash. And part of getting to where you can pay cash is putting down at least 20%.

### REPLY:
Yeah, rule of thumb is ~20% 
  
 $500,000 can get you something decent pretty much anywhere outside of Midtown Manhattan.

### END.