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Originally posted by NoSoup
First of all, let me congratulate you on being debt-free.
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Thanks! Now that I'm there, I get more spam telling me how to do it.
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Secondly, you are very wise to not touch those retirement investments. You didn't say where they are or what they offer, but you hit the nail on the head by leaving them alone.
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I've got a RO (roll-over, not Roth) IRA and an active 401(k), with maximum matching. A buddy of mine is planning on tapping his in a year or so to act as a downpayment for his first house. I think he's crazy, but it's his life.
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As to your question, it is difficult to answer without knowing the amount of the bonus, the payments that your are willing to make on a mortgage, and if your rent is only yours or if you are married, or have roomates, etc.
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No other people are involved. Well, there's a cat.
The bonus should be noticable, but I don't think it'll be much more than a good fraction of a 20% down-payment.
OTOH, my mom suggests that adding 5% for mortgage insurance effectively adds to the rate of the mortgage. This strikes me as true.