20%
20%
47.000
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.
13400 is 20% of 67000.
47,250 A+
The general tip is to buy a house that is half of your salary. Depending on how much your expenses are throughout the year, the percentage can go up or down. A good idea would be to do some budgeting to see how much you can afford to pay as down payment and how much you can contribute to your mortgage payments. Then take into account interest rates and back track to find the price of the house you can be comfortable with.
47.000
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.
13400 is 20% of 67000.
47,250 A+
5% in NY + about another 5% for closing fees.
A mortgage payment depends on several main things: -How much your house is worth -How much you put down for your house -Your credit approval -The type of mortgage plan you chose, usually 15 or 30 years
The general tip is to buy a house that is half of your salary. Depending on how much your expenses are throughout the year, the percentage can go up or down. A good idea would be to do some budgeting to see how much you can afford to pay as down payment and how much you can contribute to your mortgage payments. Then take into account interest rates and back track to find the price of the house you can be comfortable with.
All of it. If the deposit is the down payment at the time of the purchase all of it goes to the equity in the house. Part of your monthly payment other than interest only as well goes towards the equity of your house. See the amortization table of your loan. if you have loan amount, interest rate and term put all these into the amortization table it will show how much of your monthly payment goes into the equity of the house.
It depends on the economy and where the house is.
I don't think much more than about $120,000 with a down payment
Ten percent
20 percent of 40,000 is 8,000.