What is a good amount for a house and car down payment?


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Most Helpful Guy

  • at least half for the house and car. remember not all houses and cars are the same prices lol

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What Girls Said 3

  • My old boss paid $1000 a month in car payments
    My cousin pays about $5000 a month in mortgage payments.

    I think $450 and $2000 are good for a car and house payment.

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    • that's steep. I am making 9 bux an hour

    • Well a different plan is an order then. I don't own property either. I just live with parents. I am just guestimating from people I know who own.

  • Bare minimum for a car should be a grand.

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  • Depends on what you can afford and where you live. Anything specific?

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What Guys Said 3

  • Contrary to popular belief you do not need a down payment on a home if the appraised value is high enough over the actual purchase price of the home. In most cases a bank will loan the entire value of the car you are purchasing. This is of course if you have good credit.

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  • Well, You don't decide that yourself do you? isn't it normally a fixed percentage of the overall cost of the product? like 10% or something?

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  • Finance car only for Tax purposes, otherwise pay cash up front.

    House down payment should be 25%, unless it's for an investment, in which case, it'll depend on expected earnings.

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