we put about 15,000 down and pay close to 2,000 a month that includes taxed and insurance
Quoting Hannahbo:we put about 15,000 down and pay close to 2,000 a month that includes taxed and insurance
My advice to you is to never pay only the minimum down payment as required by the banks.. Save up as much as you can, for as long as you can, before you buy. Believe me, it'll save money in the long run and you will have more equity in your home from the start.
FYI, in Canada the required down payment in most cases is 10%. It used to be that first time home buyers only had to put 5% down, but I think that has since changed.
$500. We are first time home buyers and we went bond!
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