According to Irvine, Ca-based RealtyTrac, U.S. home buyers using available down payment assistance programs can save an average of $17,766 representing 41 percent of a year's wages compared to buyers who do not use down payment assistance.
The total savings breaks down to an average savings of $5,965 on the down payment for a median-priced home, and an average savings of $11,801 on monthly house payments over the life of the loan for a median-priced home.
The total savings breaks down to an average savings of $5,965 on the down payment for a median-priced home, and an average savings of $11,801 on monthly house payments over the life of the loan for a median-priced home.
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