How Much Down Payment Do I Need to Buy a Home?
Your required down payment depends on the loan, the home, and your qualifications. Compare a few cash contributions, then include closing costs and the savings you want to keep after moving.
Separate the down payment from other costs
The down payment reduces the amount borrowed. Closing costs, prepaid expenses, and your reserve funds are separate parts of the budget. Ask for a written estimate that shows each item.
Review a down payment range for your home search
The comparison below is arithmetic, not a promise that a program is available. A lender can identify which down payment choices fit your credit, income, and property.
Down payment only. Closing costs and reserves are additional. Examples do not establish program eligibility.
Talk to Dominique About Your Down Payment
Share your plans, priorities, and timing with Dominique.