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Bob & Debi Laue, The Hasson Co., REALTORS®
Country Property and Residential Specialists
www.homesportlandoregon.com     September 09, 2010    Portland, OR    (503) 212-5034


3. Homeowners insurance.

Here's a quick estimate of what you might pay each month.

Private mortgage insurance (PMI). Almost all lenders require this insurance on purchases of homes when you put down less than 20% of the purchase price. They are merely protecting their interest in the other 80% or so of the purchase price.

…of course it also protects you. You will want to protect your investment. Consider buying the most comprehensive coverage you can and take the highest deductible you can afford to help minimize the cost.

Estimating your cost. You will want to shop around for the best quality and cost of insurance. But here's a suggested starting point.

Purchase
Price
Monthly
Cost
$100,000 $40
$200,000 $65
$300,000 $110
$400,000 $135
$500,000 $160

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               Brokers

Hasson Company REALTORS®
15400 SW Boones Ferry Rd.
Lake Oswego, OR 97035
Phone: (503) 212-5034
Mobile: (503) 502-1750
Fax: (503) 212-5234
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Bob & Debi Laue are licensed in the State of Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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