A 20% down payment on a $500,000 home is $100,000; at 5%, it is $25,000.
| Home price | 5% | 10% | 15% | 20% | 25% |
|---|---|---|---|---|---|
| $200,000 | $10,000 | $20,000 | $30,000 | $40,000 | $50,000 |
| $250,000 | $12,500 | $25,000 | $37,500 | $50,000 | $62,500 |
| $300,000 | $15,000 | $30,000 | $45,000 | $60,000 | $75,000 |
| $400,000 | $20,000 | $40,000 | $60,000 | $80,000 | $100,000 |
| $500,000 | $25,000 | $50,000 | $75,000 | $100,000 | $125,000 |
| $600,000 | $30,000 | $60,000 | $90,000 | $120,000 | $150,000 |
| $750,000 | $37,500 | $75,000 | $112,500 | $150,000 | $187,500 |
| $1,000,000 | $50,000 | $100,000 | $150,000 | $200,000 | $250,000 |
| $1,250,000 | $62,500 | $125,000 | $187,500 | $250,000 | $312,500 |
| $1,500,000 | $75,000 | $150,000 | $225,000 | $300,000 | $375,000 |
How it is computed
Down payment = home price × percentage. Closing costs, land transfer tax and mortgage insurance premiums are not included.
FAQ
Why does 20% matter?+
Below 20% down, most lenders require mortgage default insurance (CMHC-type insurance in Canada, PMI in the US), which adds to the cost of the loan.
What is the minimum down payment?+
It depends on the country, the loan type and the price. In Canada, 5% applies only to the first $500,000 and a higher share is required above it.