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> only 100k down I'm going to need a minute to let that sink in.
by anonacct37 9y ago
> only 100k down
I'm going to need a minute to let that sink in.
- adventured 9y agoThe median new home sale in the US is around $310,000 for 2017 so far (the average is closer to $360,000). 20% * $310,000 = $62,000 Emphasis that that's just the median down payment for a new home in the US today. The median existing home sale is closer to $250,000 for 2017. So you're looking at a $50,000 down payment just at the median.
- FireBeyond 9y agoYeah, not so much any more. Most mortgages being underwritten today are with downpayments in the 3% to 5% region, trending down from under 10%.