What should your down payment be?
Six questions about your savings, goals and loan. See whether a minimum, middle or 20% down payment fits you best.
Your answers aren’t saved or sent anywhere except to calculate your score. For education only; it isn’t a credit check or a loan approval.
The possible results
- The minimum (0% to 5%): Keep your cash, buy sooner.
- A middle path (10% to 15%): Balance payment and cushion.
- 20% or more: No PMI, lowest payment.