How much do I need for a down payment on a house?
Not necessarily 20%. Some conventional loans allow 3% down, FHA allows 3.5%, and VA and USDA loans can allow 0% for eligible buyers. Putting less than 20% down on a conventional loan usually means paying mortgage insurance. ListingCraft for Buyers shows how your down payment changes your cash to close.
A bigger down payment lowers your monthly payment and may remove mortgage insurance; a smaller one keeps more cash in your pocket for repairs and reserves. Your lender can show both scenarios.
Drag the down payment in ListingCraft for Buyers's offer screen to see your cash to close update instantly.