How Much Is the Down Payment for a $500,000 House?

The minimum down payment for a $500K house can range from $0 to $100,000, depending on the type of mortgage chosen. For a conventional loan, the down payment would be $15,000 (3% of the purchase price), while an FHA loan would require a down payment of $17,500 (3.5% of the purchase price). VA and USDA loans allow for a zero down payment. The monthly payment for a $500K home with a 3% down payment and a 7% interest rate would be around $3,200. The affordability of a $500K home on a $100K annual income would depend on other debts and financial factors. Down payment assistance programs and seller concessions can also help with the down payment and closing costs.