Down Payment Talk

Did you know the size of your down payment can have a big impact on your mortgage?

Here are a few of the ways:

Interest Rate A larger down payment often means a lower interest rate on the money you borrow.

️ Monthly Payment A bigger down payment means smaller monthly payments, making it easier to budget.

Total Cost The more you put down initially, the less you’ll pay in total over the life of the loan.

Mortgage Type Certain mortgages might require a specific minimum down payment.

Mortgage Insurance With a smaller down payment, you may need mortgage insurance, adding to your monthly costs.

Want to learn more about how your down payment can affect the cost of owning a home?

Message me and I can get you in contact with my preferred lender.