Down Payment on a $600K House
Down Payment Calculator
See how much cash you may need for the down payment and closing costs on a $600K home.
The starting example uses 20% down, or $120,000, and 3% estimated closing costs. Compare smaller down payments to understand the tradeoff between cash upfront and the amount financed.
Upfront estimate
Start with the purchase price and down payment
Adjust the upfront assumptions to see the estimate update immediately.
$120,000 equals 20% of the home price.
Estimated cash needed to close
$138,000
Down payment plus estimated closing costs, less earnest money and eligible credits.
- Down payment amount
- $120,000
- Down payment percentage
- 20%
- Estimated loan amount
- $480,000
- Estimated closing costs
- $18,000
- Earnest money credit
- −$0
- Seller or lender credits
- −$0
- Loan-to-value ratio
- 80%
- Remaining amount financed
- $480,000
PMI is typically not required for a conventional loan
Compare options
Down payment scenarios
Select a scenario to apply it to the calculator.
$600K home down payment examples
On a $600K home, each percentage point equals $6,000. A 20% down payment is $120,000, while 5% down is $30,000. Closing costs are estimated separately and can vary by loan, location, and transaction.
Assumptions behind this estimate
The calculator starts with 3% estimated closing costs. It treats earnest money and seller or lender credits as reductions to the estimated amount still due at closing. Actual fees, prepaid taxes, insurance, escrow deposits, credits, and lender requirements can differ.
Plan the monthly payment next
After comparing upfront options, use the Mortgage Payment Calculator to estimate the full monthly cost. If the purchase price is not settled yet, the Home Affordability Calculator can help you compare comfortable price ranges.
Frequently asked questions
How much is 20% down on a $600K house?
A 20% down payment on a $600,000 home is $120,000. This does not include closing costs or prepaid expenses.
How much is 5% down on a $600K house?
A 5% down payment is $30,000. A conventional loan with less than 20% down may also require PMI, depending on the lender and loan.
Are closing costs included in the down payment?
No. The down payment reduces the amount financed, while closing costs cover separate transaction and loan expenses. Buyers usually plan for both amounts.
Does earnest money reduce cash to close?
Earnest money is typically credited toward the amount due at closing when the purchase is completed, subject to the purchase contract and closing statement.
Is this calculator a loan approval?
No. It is an educational estimate. A lender determines eligibility, required cash, loan terms, and approval after reviewing the complete application.