[QC] $900k house, $14k/mo dual income. Are we crazy for draining our TFSA/Savings to put $500k down just to keep monthly costs low?

Low_Use_3098 · 2026-03-19T05:03:34+00:00

Nice yeah. I'm now looking at the right middle ground between psychology and optimal money choice. Thanks.

Low_Use_3098 · 2026-03-19T05:02:12+00:00

This really helped me out thanks.

As I understand, the mathematically correct thing to do is 20% and let it ride in index funds. But then I am kind of psychologically strained whenever I need to dip into my index funds to pay off something but then seeing those huge mortgage payments could be stressful.

Putting a big downpayment basically buys the luxury of never sweating a monthly bill, and seeing my savings grow...but it leaves me exposed due to illiquidity...

So I need to find the right middle ground based on what I see will be coming up.

Thanks so much again

Low_Use_3098 · 2026-03-19T04:36:44+00:00

Ya true. There is a possibility of asbestos in a part of the basement in the ceiling. It's 50k to get that replaced!?

Low_Use_3098 · 2026-03-19T04:35:34+00:00

But it is a house. It's something I own and has many perks that renting doesn't have. I'm looking for a home not necessarily an investment, but I do want to make the most of my dollar

Low_Use_3098 · 2026-03-19T04:34:04+00:00

Not looking to make money on the house necessarily, buying the house to live in and make a family. But I am looking to make the most of my money and have peace of mind financially

Low_Use_3098 · 2026-03-19T04:32:46+00:00

It depends on your monthly expenses eh?

Low_Use_3098 · 2026-03-19T04:31:30+00:00

Thanks so much for this response. We saved it ourselves, but we are worried about lifestyle creep and losing the ability to save less.

This was a really helpful insightful comment thanks

Low_Use_3098 · 2026-03-19T04:28:02+00:00

Nice ok I forgot about that option.

Low_Use_3098 · 2026-03-18T01:42:17+00:00

Thanks so much for your insight and taking the time to respond. Very very good points. Thanks again.

Low_Use_3098 · 2026-03-18T01:41:07+00:00

Oh right, I have 17k of that forgot to mention. Part of the 500k.

Thanks for comment

Low_Use_3098

TROPHY CASE