Down payment of 160k or 0 down and invest the 160k?

[Donny Frusciante]

Hello,

We recently sold our house and made a net of around 160k...we now have a contract on a new house and I am trying to figure out how I should finance this new house. Is it recommended to put 160k down on the new house and just have a lower monthly payment with a 15 year loan or should I do 0 down and somehow invest that extra 160k? I can afford the house with 0 down, so that won't be an issue.

As of today, I just have the 160k sitting in a wealthfront account accruing 4.55% interest, which currently brings in about $550 a month.

btw--I have no idea about investing! I simply use the autoinvest robot on wealthfront and just hope it makes good decisions...yes, I know, I need to better educate myself on how to do these things myself!

Please help me make the best decision in order to build my wealth and thank you in advance!

[Brandon Glandt]

I personally would use that money to invest in something else! I always recommend diversifying your portfolio, and if you can afford the 0% down and use the $160K for something else, you can use it to invest it into another property or other investments as well.