Our house wasn't too expensive, and we put down 20%. The rock on my finger is nowhere near 40K. I can't imagine wearing a piece of jewelry that cost more than the downpayment on our house.
Post by yellowbrkrd on May 14, 2012 12:48:52 GMT -5
My e-ring cost a little bit more than out DP. We bought our the e-ring while living in L.A. and probably could have done better at finding a better price. And we just bought our first home in a LCOL with only 5% down.
We did a 3.5% down FHA right after grad school, but we paid the majority of our closing costs out of pocket too.
We brought to closing a few thousand dollars more than my e-ring is appraised for. However, DH bought it when he worked at a jewelry store and got a discount, so he probably paid 30-40% less than it appraised for.
We rent so my e-ring, but if we ever settle down and decide that owning is ever a good idea then DP will definitely be much much more than ering since we won't buy unless we put 50% down. H spent $$$$ on my e-ring, but it is not the biggest purchase we've ever made though.
Our DP was 100 times more than my e-ring, but we live in HCOL and my husband had to spend some time convincing me to let him buy me an e-ring in the first place.
Post by simpsongal on May 14, 2012 15:36:05 GMT -5
We only put 3.5% down, but the DP was almost 10x's more than my E-ring. Sorry, I think E-rings are generally a waste of money (unless you've got cash to burn, in that case, you should be paying higher taxes).