How Much Deposit For 500k House . What Do I Need To Afford A 500K House? Bankrate Conforming Loan Down Payment - $500k House Conforming loan down payments can vary from 3% to 20% or more, so for a $500,000 home, you'd need between $15,000 and $100,000 Your figures would be as follows: 10% down-payment: $50,000 $5,000 for EDM (if putting down 1% as EDM)
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Your credit score can influence the minimum down payment required for certain loans and impact your interest rate Conventional loans typically have stricter requirements (with a minimum credit score between 620 to 660) and may offer better rates with higher credit scores.
Needed for a 500k Mortgage Bundle Calculate the monthly mortgage on a house, condo, or apartment which costs $500k Please keep in mind that the exact cost and monthly payment for your. So, if your mortgage requires that you put down, say, 3%, the down payment needed for a $500K house would be $500,000 x 3% = $15,000
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