Higher Downpayment for Cash Later?

[Ryan Cousins]

Hi Everyone - my fiance and I are buying out primary later this year (new build) and I am debating on how much to put down as much down payment. 

I was planning on 20-25%, but could go as much as 40%.

Outside of the lower monthly, would there be any benefit for putting more down? 

If I did go higher on the DP and I wanted to take out some of the home equity in a year or so what would be the right vehicle? HELOC? Cash Out Refinance?

Thanks for the insight!

[Steve Vaughan]

Quote from @Ryan Cousins:

Hi Everyone - my fiance and I are buying out primary later this year (new build) and I am debating on how much to put down as much down payment. 

As little as possible.  At this stage, this is a partnership of unrelated parties.  You will be buying as what initially?  Tenants in common? Riskier vesting.  

When clean ownership isn't a factor, it just becomes an opportunity cost/benefit analysis.    My cash is earning 5% risk-free in money markets right now.  

What will your mortgage rate be?  Then your cash will be 'earning' that rate.   If it's not at least 2% more for a lack of liquidity premium, keep the cash.