Use this calculator and learn how much downpayment you should pay for $1,200,000 loan
| Monthly Payment | $5,755.69 |
| Total Interest Payable | $1,112,046.61 |
| Total Money Paid (Interest + Loan) | $2,072,046.61 |
Generally the typical down payment is 20%. Which means for $1,200,000, the 20% down payment will be $240K.
Some lenders also allow low down payment. It depends on your credit history. There are lots of offers for first time home buyers, so be sure to check with local lenders and make an informed decision
| Percentage Down | Down Payment | Loan Amount |
|---|---|---|
| 10% down for a $1,200,000 home | $120,000 | $1,080,000 |
| 15% down for a $1,200,000 home | $180,000 | $1,020,000 |
| 20% down for a $1,200,000 home | $240,000 | $960,000 |
| 25% down for a $1,200,000 home | $300,000 | $900,000 |
| 30% down for a $1,200,000 home | $360,000 | $840,000 |
| 35% down for a $1,200,000 home | $420,000 | $780,000 |
| 40% down for a $1,200,000 home | $480,000 | $720,000 |
| 45% down for a $1,200,000 home | $540,000 | $660,000 |
| 50% down for a $1,200,000 home | $600,000 | $600,000 |
| 55% down for a $1,200,000 home | $660,000 | $540,000 |
| 60% down for a $1,200,000 home | $720,000 | $480,000 |
| 65% down for a $1,200,000 home | $780,000 | $420,000 |
| 70% down for a $1,200,000 home | $840,000 | $360,000 |
| 75% down for a $1,200,000 home | $900,000 | $300,000 |
| 80% down for a $1,200,000 home | $960,000 | $240,000 |
| 85% down for a $1,200,000 home | $1,020,000 | $180,000 |
| 90% down for a $1,200,000 home | $1,080,000 | $120,000 |
| 95% down for a $1,200,000 home | $1,140,000 | $60,000 |
| 100% down for a $1,200,000 home | $1,200,000 | $0 |