A down payment is the portion of a home’s purchase price the buyer isn’t financing with a mortgage. The amount is paid upfront at closing. Depending on the buyer’s finances and the type of loan, down ...

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The median down payment on a home in the U.S., as of January 2025, was $54,310 – about 15% of the median purchase price. Most housing market data focuses on the median down payment rather than the ...

Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. If you plan to buy ...

Buying your first home should be an exciting milestone, but the upfront costs can quickly get out of hand. Fortunately, down payment assistance programs are available to help first-time homebuyers ...

If you're financing the purchase of your house, your down payment is the amount you put up front in cash. The remainder is the mortgage, provided by a lender and typically paid off in monthly ...

A down payment is the portion of a home's purchase price paid up front, rather than the part loaned to you by a bank or mortgage provider. The median down payment for first-time homebuyers was 9% in ...

Buying a home involves a lot of big money decisions and calculations, one of which is figuring out how much of a down payment you can afford. But things can happen between the time you sign a contract ...