How much do I need to have for a down payment on a home?
The exact amount will vary depending on the value of the home you’re buying, but it’s easy to calculate. The minimum amount you can put down is 5% of the home’s value, as long as the home costs $500,000 or less. If the cost of the home is over $500,000, the minimum you’ll need to pay is 5% on the first $500,000 and 10% on the remaining balance.
You can learn more about down payments here: How Much Do You Need for a Down Payment?