Down Payment on a $2,300,000 House

What is the down payment on a house that costs $2,300,000? Calculate the down payment for a $2.3 million home.

House Price

Percent Down

Results

20% down payment on a $2,300,000 home:

$460,000

Down Payment Needed for $2,300,000 House

% Down	Down Payment
3.5%	$80,500
5%	$115,000
10%	$230,000
15%	$345,000
20%	$460,000
25%	$575,000

20% Down Payment By House Price

Price	20% Down
$2,300,000	$460,000
$2,305,000	$461,000
$2,310,000	$462,000
$2,315,000	$463,000
$2,320,000	$464,000
$2,325,000	$465,000
$2,330,000	$466,000
$2,335,000	$467,000
$2,340,000	$468,000
$2,345,000	$469,000

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 2,300,000 house, this would be $460,000.

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 2,300,000 loan, this could be as high as $2,875 a month. Over time, if the buyer builds up equity in the house, PMI will no longer be required.