How much down payment for a $250,000 house?
For a $250,000 house, a 20% down payment is $50,000 and an FHA 3.5% down payment is $8,750. Putting 20% down avoids PMI; lower down payments are possible but add mortgage insurance.
How this is calculated
- ·Down payment shown as % of $250,000 price
- ·20% avoids private mortgage insurance (PMI)
- ·FHA loans allow 3.5% down with mortgage insurance
Down payment tiers for a $250,000 house
| Down % | Amount |
|---|---|
| 3.5% (FHA) | $8,750 |
| 5% | $12,500 |
| 10% | $25,000 |
| 20% | $50,000 |
Frequently Asked Questions
Do I have to put 20% down?
No. Conventional loans allow as little as 3–5% down and FHA loans 3.5%, but below 20% you'll pay PMI or mortgage insurance until you build enough equity.
What is PMI?
Private mortgage insurance protects the lender when you put less than 20% down. It typically adds 0.3–1.5% of the loan annually until you reach 20% equity.
What else do I need besides the down payment?
Closing costs of roughly 2–5% of the price ($5,000–$12,500 on a $250,000 home), plus reserves and moving costs.
M Singh CeMAP DipFA · 25+ Years UK Financial Services
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M Singh CeMAP DipFA · 25+ Years UK Financial Services
Important Information
This calculator is for informational purposes only and does not constitute financial advice or a personal recommendation.
Results are estimates based on the information you provide and may not reflect your actual financial position.
You should consider seeking independent professional advice tailored to your specific circumstances before making any financial decision.