What down payment do I need for a $400,000 house?
Typical down payments on a $400,000 house: 3% ($12,000) for an FHA loan, 5% ($20,000) for a conventional loan with PMI, 10% ($40,000) for piggyback options, and 20% ($80,000) to avoid PMI entirely and qualify for the best rates.
More context
Typical down payments on a $400,000 house: 3% ($12,000) for an FHA loan, 5% ($20,000) for a conventional loan with PMI, 10% ($40,000) for piggyback options, and 20% ($80,000) to avoid PMI entirely and qualify for the best rates. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.