Is selling a big chunk of stocks for a down payment dumb?

I’m 40, single, renting on Long Island. Would be first time home buyer. My commute is 45 min now, but I’m looking at condos that would cut it to 25 min and be in a nicer area. Apartments nearby cost about 2500 and not as nice. I'm paying 2k currently. My finances: Take-home: just over 2k post everything every other week. Retirement (all post-tax Roth): 140k. Current retirement contribution: $500 every check post tax (I could do pre and net maybe 150-200 more a month). Personal investments (mostly SPY/QQQ ETFs): 130k. High-yield savings: $80k. No debt, pensioned job (could retire in 17 years, prob won't happen though). Condos I’m considering: Price: $300–350k. HOA + mortgage: $2,500/month. Down payment: $60k 20%. My thinking, 2500 a month would be too much for me so I was thinking maybe take 20k from hysa and sell 80k of spy/qqq and put 100k into down payment, make the monthly payment 2k and I would feel much more comfortable with that. Is selling a big chunk of stocks for a down payment dumb? submitted by /u/Smc55 [link] [comments]