average monthly payment for a town house?

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average monthly payment for a town house?

my husband and i are looking into a town house, whats an average down payment and monthly payment?

2007-12-23 15:20:30 · 2 answers · asked by Deb M 3 in Business & Finance ➔ Renting & Real Estate

2 answers

What are the prices where you are looking? I would plan for 20% down and a payment of 1% of the balance per month. Your payment may be smaller but with fees for taxes, insurance and maint it will be at least that. So if a townhouse was 125,000 I would say 25K down and 1K per month.

2007-12-23 15:38:28 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋

There's no average. You have to look in your area and find out the prices and figure out what the down payment and monthly payment would be.

2007-12-23 15:27:56 · answer #2 · answered by That's not my name 7 · 2⤊ 0⤋