Down payment
See several down payment scenarios side by side.
Estimate only. Actual rates, payments, terms and fees depend on borrower qualifications, property details, loan program and underwriting.
3% down
$12,000
Loan $388,000
PMI may apply depending on program.
5% down
$20,000
Loan $380,000
PMI may apply depending on program.
10% down
$40,000
Loan $360,000
PMI may apply depending on program.
15% down
$60,000
Loan $340,000
PMI may apply depending on program.
20% down
$80,000
Loan $320,000
Often discussed without monthly PMI.
Estimate only. Actual rates, payments, terms and fees depend on borrower qualifications, property details, loan program and underwriting.