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how much down?
i'm sure this has been done before - but i am new to this and was wondering what people are actually able to put down now adays on a house.. i know that they say 20% - but do people actually do that now - or am i being unrealistic to wait until we have that much saved...
im not asking for money amounts but lets say percentages..... let me see what actual people are actually doing!
ETA: to add poll
Message edited 11/9/2006 12:26:19 PM.
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Posted 11/9/06 12:24 PM  |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: how much down?
if we purchase a house for 250K, then we'll be able to put 15% down. Luckily our morgage broker told us 10% is fine today.
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| Posted 11/9/06 12:31 PM |
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Eva Luna
Be kind...life's hard!
Member since 8/05 4750 total posts
Name:
God, bless & heal my DH, JenG's DH Rob & DebG
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Re: how much down?
Mine's not there. It was 3%. But we actually didn't put it down...it was a "gift" from a homestead thingie through our FHA First Time Home Buyer's Mortgage.
Seller paid closing costs, too.
We got lucky!
And this is NOT in NY. FYI.
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| Posted 11/9/06 12:32 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: how much down?
We will have 20% down.
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| Posted 11/9/06 12:33 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: how much down?
we put 10% down.
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| Posted 11/9/06 1:59 PM |
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TheLorax
LOVE
Member since 2/06 5581 total posts
Name:
Suzanne / SuzBride
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Re: how much down?
Posted by Blu-ize
we put 10% down.
us too - 10% plus all closing costs. Another ~10% in the bank (after a few furniture purchases) as a safety fund
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| Posted 11/9/06 2:40 PM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: how much down?
We put down more then 20%
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| Posted 11/9/06 2:50 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: how much down?
as little as possible
high payments don't scare us- we pay very high rent now - so our mortgage payment will be about $1K to $1500 more then our rent
and our 3rd car will be sold or just about paid off ( again- high payment)
so it about evens out give or take a couple of hundred dollars
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| Posted 11/9/06 2:54 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: how much down?
On my first home purchase I put down 10% and it was fine. As long as you budget yourself, you will know what you are comfortable putting down and paying on a monthly basis. Paying PMI stinks but now you can do an 80/10/10 loan or something similar to avoid PMI.
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| Posted 11/9/06 2:57 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: how much down?
we are putting abuot 7% down. we wre going to put 10% down, but I want to have a little more cushion than we would have had.
we are getting our mortgage thru BOA- and we dont have to pay pmi or a higher rate on the other portion because FH is a teacher and they have a program for UFT members.
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| Posted 11/9/06 3:02 PM |
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alisonggg
Cutie
Member since 3/06 4749 total posts
Name:
a
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Re: how much down?
More than 20%
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| Posted 11/9/06 3:03 PM |
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MrsA
.............................
Member since 1/06 2012 total posts
Name:
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Re: how much down?
25%, closing costs were paid separately.
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| Posted 11/9/06 4:13 PM |
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Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
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Re: how much down?
20% first home- DH in 1998
More than 50%- First home together in Summer of 2005. Keep in mind his first house almost tripled in value betwen 1998-2005 that's why we were able to put down so much. We got lucky.
We also pay more towards our principle every month so our 30 year mortgage becomes a 15 yr mortgage... then college tuition will start 
Message edited 11/9/2006 5:24:06 PM.
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| Posted 11/9/06 5:22 PM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: how much down?
10%
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| Posted 11/9/06 7:05 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: how much down?
40%
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| Posted 11/9/06 7:08 PM |
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MrsM-6-7-08
<3
Member since 8/06 4249 total posts
Name:
Nicole
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Re: how much down?
35% or 150k down payment
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| Posted 11/9/06 9:05 PM |
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