Portland Oregon Real Estate, Bob and Debi Laue, The Hasson Co. REALTORS, Inc.

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		Bob & Debi Laue, The Hasson Co., REALTORS® Country Property and Residential Specialists
www.portlandoregonrealestates.com July 24, 2008 Portland, OR (503) 534-1551

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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® 8900 SW Citizens Dr Wilsonville, OR 97070 Phone: (503) 534-1551 Mobile: (503) 502-1770 Fax: (503) 636-7499 Send an Email
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. Terms of Use and Privacy Policy Oregon Real Estate Agency Disclosure Original contents copyright © 1997-2008 Bob & Debi Laue, all rights reserved.