Down Payment on a $2,550,000 House

What is the down payment on a house that costs $2,550,000? Calculate the down payment for a $2.55 million home.

House Price

Percent Down

Results

20% down payment on a $2,550,000 home:

$510,000

Down Payment Needed for $2,550,000 House

% Down	Down Payment
3.5%	$89,250
5%	$127,500
10%	$255,000
15%	$382,500
20%	$510,000
25%	$637,500

20% Down Payment By House Price

Price	20% Down
$2,550,000	$510,000
$2,555,000	$511,000
$2,560,000	$512,000
$2,565,000	$513,000
$2,570,000	$514,000
$2,575,000	$515,000
$2,580,000	$516,000
$2,585,000	$517,000
$2,590,000	$518,000
$2,595,000	$519,000

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 2,550,000 house, this would be $510,000.

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 2,550,000 loan, this could be as high as $3,188 a month. Over time, if the buyer builds up equity in the house, PMI will no longer be required.