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How much of a down payment would be required for a house costing 150000?
Wiki User
∙ 16y ago
You don't ever have to put a down payment down (unless your lender bank requires you to), however 20% of the value usually is the norm. We bought our house with NO down payment.
Wiki User
∙ 16y ago
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What would a mortgage payment be for a 150000 house?
The answer depends on the interest rate and the length of the mortgage. You can build a chart at the related link provided below.
What is a down payment on a house?
Most people borrow money from a bank when they want to buy a house, but they usually do not borrow 100% of the cost of the house. They usually do have some money to apply toward the cost of the house, and that amount is called a down payment. So to buy a house costing $200,000 a person might make a down payment of $50,000 and then borrow the remaining $150,000.
If a house is 200000 with 5 percent down payment What is the loan amount?
The loan amount will be $190,000 and a down payment of $10,000 is required. To calculate this, find 5% of 200,000, which in an equation is .05 times 200,000. Then subtract that total (10,000) from the price of the house (200,000) to arrive at 190,000.
Average house payment?
The average house payment depends on the size of the house and the location it is in. High-violence locations have cheap house payments for example.
What is a monthly payment called?
Amonthley payment on a house is called a "Mortgage"
What would a mortgage payment be for a 150000 house?
The answer depends on the interest rate and the length of the mortgage. You can build a chart at the related link provided below.
What is a down payment on a house?
Most people borrow money from a bank when they want to buy a house, but they usually do not borrow 100% of the cost of the house. They usually do have some money to apply toward the cost of the house, and that amount is called a down payment. So to buy a house costing $200,000 a person might make a down payment of $50,000 and then borrow the remaining $150,000.
Can you use a credit card if you are buying a house?
A check or money order is usually required for down payment/closing costs.
You need a plan of 4 bedroom timber house and costing for a child's project?
we need plan 4 bedroom timber house and estimate costing for childs project
What kind of practical problems have you met that required the use of negative numbers?
Taking an inventory of how close I am to making this month's house payment.
If a house is 200000 with 5 percent down payment What is the loan amount?
The loan amount will be $190,000 and a down payment of $10,000 is required. To calculate this, find 5% of 200,000, which in an equation is .05 times 200,000. Then subtract that total (10,000) from the price of the house (200,000) to arrive at 190,000.
Average house payment?
The average house payment depends on the size of the house and the location it is in. High-violence locations have cheap house payments for example.
Is 18 old required to be on the house lease?
Not unless they are responsible for the lease and/or lease payment. They may be required to be listed as an occupant to comply with occupancy rules for the house. If they are expected to pay part of the lease, someone needs to have it in writing in order to enforce the agreement, otherwise it is at their risk.
What is a monthly payment called?
Amonthley payment on a house is called a "Mortgage"
If separated does husband still owe half the house payment?
It all depends on whose name is on the house. If his name isn't on the house, then he doesn't have to pay half of the house payment.
Marias new house cost 235000 The down payment was 0.5 of the cost of the house How much was the down payment?
47.000
Your house has bee sold at a sheriff sale the proceeds of the sale covered the first mortgage Are you still required to pay the second mortgage?
The second mortgagee can indeed go after you for payment.
