Down Payment on a $2,200,000 House

What is the down payment on a house that costs $2,200,000? Calculate the down payment for a $2.2 million home.
House Price
$
Percent Down
%
Results
20% down payment on a $2,200,000 home:
$440,000
Down Payment Needed for $2,200,000 House
% Down Down Payment
3.5%$77,000
5%$110,000
10%$220,000
15%$330,000
20%$440,000
25%$550,000
20% Down Payment By House Price
Price 20% Down
$2,200,000$440,000
$2,205,000$441,000
$2,210,000$442,000
$2,215,000$443,000
$2,220,000$444,000
$2,225,000$445,000
$2,230,000$446,000
$2,235,000$447,000
$2,240,000$448,000
$2,245,000$449,000
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 2,200,000 house, this would be $440,000.

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 2,200,000 loan, this could be as high as $2,750 a month. Over time, if the buyer builds up equity in the house, PMI will no longer be required.