Trying to decide how much of a down payment I should put on a new home. First time buyer purchase price 330k at 5.65% If I put 0 down, payments would be $1900. If I put almost 150k down it would bring those payments down to $1040
I currently have 210K in cash or cash equivalents. After maxing out my 401k, Roth IRA, a 10% after tax 401k and $500/MO into a taxable brokerage my take home is approximately $5000 after all deductions. No other debt.
I know most sources recommend lump sum investing but I’m not sure I can mentally put a substantial amount of my cash into stocks all at once so figured a large down payment might be the best option instead of it all sitting in cash. But I’m also not sure how much of an Emergency fund, Home repair fund, and new home miscellaneous purchases funds is reasonable to maintain?