The total price of a house is $550,000, the down payment of $300,000, how much is the monthly payment, depends on how much we in the bank mortgage, if the total price of the house is $550,000, then we pay $300,000 down, the remaining $250,000, we generally apply for bank mortgage loans, mortgage for 20 years, if it is repaid. So we're making an average payment of about $30,000 a year plus the mortgage interest so that's about $3,000 a month
The monthly payment is around 1,000 yuan