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A down payment is the portion of a home’s purchase price the buyer isn’t financing with a mortgage. The amount is paid upfront at closing. Depending on the buyer’s finances and the type of loan, down ...

Think the 20% down rule still applies? The average down payment for first-time homebuyers was 9% in 2024, according to the NAR, the largest since 1997. There are many options available to borrowers ...

If you're financing the purchase of your house, your down payment is the amount you put up front in cash. The remainder is the mortgage, provided by a lender and typically paid off in monthly ...

Get guidance from trusted mortgage experts. Buying a home is expensive. The down payment plus closing costs can total thousands of dollars. While this may seem daunting at first, you can receive down ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...

The down payment for a commercial property typically ranges from 10% to 35% of the purchase price, depending on factors like loan type, lender requirements, and borrower qualifications. Commercial ...

Buying a home involves a lot of big money decisions and calculations, one of which is figuring out how much of a down payment you can afford. But things can happen between the time you sign a contract ...

The median down payment on a home in the U.S., as of January 2025, was $54,310 – about 15% of the median purchase price. Most housing market data focuses on the median down payment rather than the ...

It’s possible to buy a car with zero down payment, but weigh the pros and cons. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ...

Kennedy Edgerton is a personal finance editor, leveraging his passion for writing and personal finance to produce stimulating content that empowers readers to enhance their lives through advised ...

There are many strategies to save for a down payment, including maximizing your savings, reducing everyday expenses and ...