<prompt> Human: My partner and I, being the diligent PF redditors that we are, have been managing our finances so that we can set aside the 10 or so necessary to buy a house in the near future. Were both BigLaw lawyers in DC planning to relocate out west.We recently found out that our parents are willing to help us with the down payment for our first home. Were now wondering whats the best approach to take with the money wed previously set aside. Is it better to put that money into the initial down payment regardless for more equity and better mortgage terms? Or should we funnel that money into some other sort of investment? Assume for discussion 1 a 500,000 house; 2 that we already have our 4-6 month emergency fund set aside; and 3 have maxed out our respective IRAs and 401ks.  <response>: Use the extra money to make the down payment 20 or better. 