Down Payment on a $1,800,000 House

What is the down payment on a house that costs $1,800,000? Calculate the down payment for a $1.8 million home.
House Price
$
Percent Down
%
Results
20% down payment on a $1,800,000 home:
$360,000
Down Payment Needed for $1,800,000 House
% Down Down Payment
3.5%$63,000
5%$90,000
10%$180,000
15%$270,000
20%$360,000
25%$450,000
20% Down Payment By House Price
Price 20% Down
$1,800,000$360,000
$1,805,000$361,000
$1,810,000$362,000
$1,815,000$363,000
$1,820,000$364,000
$1,825,000$365,000
$1,830,000$366,000
$1,835,000$367,000
$1,840,000$368,000
$1,845,000$369,000
FHA Loans

FHA loans are loans issued by a bank, but backed by the federal government. They are intended for people can not qualify for a typical bank loan.

As of 2023, FHA loans are only available for loans less than $1,089,300.

Conventional Loans

Conventional loans are those offered by a bank which might have a variety of terms and rates depending on the amount down and factors such as credit score, debt, and income.

For conventional loans, it is standard to make a down payment of 20%. For a 1,800,000 house, this would be $360,000.

However, some loans offer down payments as low as 3% to buyers with excellent credit, high income, and large assets.

Private Mortgage Insurance (PMI)

Buyers who can't put at least 20% down are often required to pay PMI. For a 1,800,000 loan, this could be as high as $2,250 a month. Over time, if the buyer builds up equity in the house, PMI will no longer be required.