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What is the minimum down payment required by my lender?

April 26, 2017down payment Lender minimum

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What is the minimum down payment required by my lender?

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The lender may require zero down payment, 5 percent, 10 percent, or more. • What is the maximum down payment that I can afford? This depends on your personal finances. Keep some funds for daily expenses, other investments, emergencies, etc. • How much will I save? Compare the financial impacts of making a minimum down payment with making a maximum down payment. Use the Compare Two Mortgages Calculator to assess the financial impacts of making a minimum or a maximum down payment. The following case study illustrates the process.