What Is the Average Down Payment on a House?

Answer The average down payment on a house is 10% of the mortgage loan. Most mortgage lenders require a 20% down payment, but usually accept the 10% down payment if the homeowner pays for Private Mortgage... Read More »

Top Q&A For: What Is the Average Down Payment on a House

How Much Is an Average Car Payment?

A car payment will depend on the price of the vehicle and the interest rate. For example, a $24,000 car financed for 72 months at a rate of 5.99% interest will equal a monthly payment of $353.30.So... Read More »

Do you need a down payment to buy a house?

On One Hand: Lenders Prefer That You Have a StakeYes, lenders are typically more likely to give you a respectable loan if they see you are assuming some of the financial risk by contributing your o... Read More »

Can you use your rsp's for a down payment on a house?

Yes, you use your RRSPs for a down payment on a house. Any qualified and pre-approved first-time home buyer is free to remove up to $20,000 from a registered retirement savings plan. There will be ... Read More »

What is the average mortgage payment in the USA?

According to the National Association of Realtors, the average monthly mortgage principal and interest payment is $778 as of May 2010. The monthly mortgage payment constitutes 15.4 percent of your ... Read More »