How Much Is 20% Down on a $750K House?

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Putting 20% down on a $750,000 house means writing a check for $150,000. Here’s how different down payment amounts compare.

Down Payment Amounts on a $750K House

Down Payment % Amount Loan Amount PMI Required?
3% $22,500 $727,500 Yes
5% $37,500 $712,500 Yes
10% $75,000 $675,000 Yes
15% $112,500 $637,500 Yes
20% $150,000 $600,000 No
25% $187,500 $562,500 No

How Down Payment Affects Your Monthly Mortgage

At 6.5% interest on a 30-year fixed mortgage:

Down Payment Loan Amount P&I Payment PMI (~0.5%) Total Payment
3% ($22,500) $727,500 $4,598 $303 $4,901
5% ($37,500) $712,500 $4,503 $297 $4,800
10% ($75,000) $675,000 $4,266 $281 $4,547
20% ($150,000) $600,000 $3,792 $0 $3,792

Putting 20% down saves $1,008/month compared to 5% down (before taxes and insurance).

Total Interest Paid Over Loan Life

Down Payment Loan Amount Total Interest (30-yr, 6.5%)
5% ($37,500) $712,500 $908,000
10% ($75,000) $675,000 $860,200
20% ($150,000) $600,000 $764,400

20% down saves $143,600 in interest compared to 5% down.

How Long to Save $150,000 for 20% Down

Monthly Savings Time to $150,000
$1,500/month 8.3 years
$2,000/month 6.3 years
$2,500/month 5 years
$3,500/month 3.6 years
$5,000/month 2.5 years

Jumbo Loan Considerations

A $750K house often requires a jumbo loan in many markets:

  • Conventional conforming limit: $766,550 (2024)
  • Higher-cost areas: up to $1,149,825
  • Jumbo loans often require 10-20% down minimum
  • Better rates available with 25%+ down
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