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Forum -> Household Management -> Finances
What percent did you out down for your house?
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What percent did you put down for your down payment?
5-9 percent  
 10%  [ 18 ]
10-14 percent  
 9%  [ 16 ]
15-19 percent  
 6%  [ 10 ]
20-24 percent  
 46%  [ 76 ]
25+ percent  
 21%  [ 36 ]
Less than 5 percent  
 4%  [ 8 ]
Total Votes : 164



amother
OP


 

Post Tue, Mar 14 2023, 11:37 am
For your downpayment...
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amother
Heather


 

Post Tue, Mar 14 2023, 11:38 am
75%

BH I had help

This was 15 years ago
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amother
NeonBlue


 

Post Tue, Mar 14 2023, 11:39 am
40%...but there isn't an option for that.

ETA: and a 15 yr conventional mortgage
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amother
OP


 

Post Tue, Mar 14 2023, 11:43 am
amother NeonBlue wrote:
40%...but there isn't an option for that.

I did 25+ but it didn't get included..
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amother
Blonde


 

Post Tue, Mar 14 2023, 12:00 pm
The past couple of years people bought with very little down due to the low interest rates it was worth paying pmi. Now with higher rates you need more to put down.
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amother
NeonBlue


 

Post Tue, Mar 14 2023, 12:01 pm
amother OP wrote:
I did 25+ but it didn't get included..


It showed up when I refreshed. thanks!
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amother
Cyclamen


 

Post Tue, Mar 14 2023, 12:09 pm
Over 30%. Stupid move.
I trusted my husband and he really is not financially savvy. He's very anxious about money and it was dressed up as financially smart but its really just anxiety and I was too naive. My husband hates debt including "good debt" and he's a real follower of Dave Ramsey, he loved the idea that our mortgage wasn't too high meanwhile I would have rathered a renovated nice house to live in.
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amother
Anemone


 

Post Tue, Mar 14 2023, 1:05 pm
Like 8% and it’s a struggle to pay all our bills every month tbh. But the alternative was waiting longer and we locked in a lower interest rate. I don’t at all regret it bc otherwise we would have been stuck renting for years, and we’re working hard to increase our income so we’re not stretched as thin.
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amother
Jetblack


 

Post Tue, Mar 14 2023, 1:17 pm
20%
Our house was 560k back when there were good prices just 4 years ago! We were lucky, don’t know what we’d do today
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amother
Electricblue


 

Post Tue, Mar 14 2023, 1:24 pm
Make sure you leave enough in the bank!! There will be repairs and maintenance after you own the house and if you put everything into it, it can be a big problem. You need to keep a safety net.
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amother
Hotpink


 

Post Tue, Mar 14 2023, 1:27 pm
3%, no PMI (because of a first time homeowners mortgage program), the seller paid a bunch of the closing costs, and we had a few grants also which brought down the closing costs.
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amother
Firethorn


 

Post Tue, Mar 14 2023, 1:29 pm
We put down between 30-35% for our first house, and 15% for our second house (we kept the first as a rental so money was tighter).
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amother
Sapphire


 

Post Tue, Mar 14 2023, 4:09 pm
amother Hotpink wrote:
3%, no PMI (because of a first time homeowners mortgage program), the seller paid a bunch of the closing costs, and we had a few grants also which brought down the closing costs.


Same here except we don’t qualify for any grants.
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amother
Foxglove


 

Post Tue, Mar 14 2023, 4:26 pm
My vote doesn't count. I wrote less than 5%. I had thought you meant interest rates and realized when the answers didn't make sense.
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amother
Dustypink


 

Post Tue, Mar 14 2023, 4:28 pm
amother Hotpink wrote:
3%, no PMI (because of a first time homeowners mortgage program), the seller paid a bunch of the closing costs, and we had a few grants also which brought down the closing costs.

Which grants? How long ago was this?
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amother
Tealblue


 

Post Tue, Mar 14 2023, 4:34 pm
20%
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Iymnok




 
 
    
 

Post Tue, Mar 14 2023, 4:56 pm
The minimum in Israel is higher. 30%? But we do have very low monthly payments. Less than half the normal rent for our area.
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amother
Lemon


 

Post Tue, Mar 14 2023, 4:58 pm
5%, and then closing costs were close to another 5%. We're definitely house poor now, but the mortgage+taxes is less than a rental so it was worth it and not buying wouldn't have put us in a better situation
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shabbatiscoming




 
 
    
 

Post Tue, Mar 14 2023, 5:08 pm
Iymnok wrote:
The minimum in Israel is higher. 30%? But we do have very low monthly payments. Less than half the normal rent for our area.
minimum is 25% but some banks require up to 40%.
We put down 23%. And thankfully our mortgage payments are also low for the size of our home.
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amother
Puce


 

Post Tue, Mar 14 2023, 5:25 pm
100%

BH we got a one time “windfall” and bought a house with the entire amount.
Probably smarter to only put down part and invest the rest but DH wanted no mortgage.
So here we are, but still paying as much tax as the rent we paid until we bought, so our lifestyle stayed the same.
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