Sweet Spot Summary

• 20% down is the 15-year fixed rate mortgage sweet spot for home purchases up to $3,333,333 at which point 25% is needed until $4,285,714 at which point 30% down is needed to stay in the sweet spot
• the following purchase prices get better financing terms than purchases just $1 higher: $893,750 | $1,213,500 | $2,500,000 | $3,333,333 | $4,285,714
• for the trade off between interest rate and loan fee, the sweet spot rate (above which the fee reduction gets much less generous) for the above loan amounts is 5.375 | 5.875 | 6.375 | 6.375 | 6.375
• corresponding APR's are 5.829 | 6.302 | 6.831 | 6.783 | 6.762
• there is an unusually large credit of $20,790 available at 7.125% in the $4,285,714 purchase price scenario

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