whats the average down payment on a 50 thousand dollars house?

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whats the average down payment on a 50 thousand dollars house?

2007-06-27 14:41:24 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

3 answers

An average down payment on a home is about 10%, probably, so $5000. I always recommend 20%, though, since that allows you to avoid Property Mortgage Insurance (PMI).

Doug

2007-06-28 01:05:51 · answer #1 · answered by Doug M 4 · 0⤊ 0⤋

Probably 10% ($5000) or more.

2007-06-27 22:20:28 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

about 10%..but now adays you dont have to have a down payment....

2007-07-01 20:51:10 · answer #3 · answered by Pepper 6 · 0⤊ 0⤋