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Down payment

This is just your opinion what do u think is a good down payment for a house?

Answer Question
 
mamaofficer

Asked by mamaofficer at 5:40 PM on Jul. 6, 2010 in Home & Garden

Level 31 (50,120 Credits)
Answers (10)
  • At least 20% and more if you have it!
    vicesix

    Answer by vicesix at 5:41 PM on Jul. 6, 2010

  • 20%
    ABusyBee

    Answer by ABusyBee at 5:41 PM on Jul. 6, 2010

  • usually need 20% but there are some loan programs for first time buyers that require less. Check with some banks, mortgage brokers, and realtors.
    elizabr

    Answer by elizabr at 5:42 PM on Jul. 6, 2010

  • A great down payment is 20-25%, a good down payment is 10-15%. Don't wipe out your savings on a down payment though. Make sure you have enough to move it, fix it up/decorate, and have extra in case of emergencies or lay offs.

    JeremysMom

    Answer by JeremysMom at 5:43 PM on Jul. 6, 2010

  • i agree with other 20% or more..depending on what you want your payment to be...don't forget to include taxes and insurance when thinking about house payments!
    Mommy2JoshNJake

    Answer by Mommy2JoshNJake at 5:44 PM on Jul. 6, 2010

  • 20%, so you avoid paying PMI.
    Scuba

    Answer by Scuba at 5:55 PM on Jul. 6, 2010

  • 20% That way you start with equity and you have something invested in the house instead of the bank owning the entire thing.
    jesse123456

    Answer by jesse123456 at 6:39 PM on Jul. 6, 2010

  • A minimum of 20% would be good.
    slw123

    Answer by slw123 at 8:41 PM on Jul. 6, 2010

  • 20%
    twinsplus2more

    Answer by twinsplus2more at 9:48 PM on Jul. 6, 2010

  • Agreed 20%
    kc932

    Answer by kc932 at 9:53 PM on Jul. 6, 2010

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