Minimum Downpayment

Effective December 15th, 2024, the minimum down payment is changing to 5% for the first $500,000 of the purchase price, and 10% for the remainder of the price up to $1,500,000. 

Below is a table of various down payment calculations for prices from $500,000 to $1,500,000. Home prices over $1,500,000 will require 20% down.

For more information on high ratio financing, see our High Ratio Mortgage Insurance Information page.

Purchase PriceMinimum Downpayment
$500,000 $25,000
$550,000 $30,000
$600,000 $35,000
$650,000 $40,000
$700,000 $45,000
$750,000 $50,000
$800,000 $55,000
$850,000 $60,000
$900,000 $65,000
$950,000 $70,000
$1,000,000 $75,000
$1,050,000 $80,000
$1,100,000 $85,000
$1,150,000 $90,000
$1,200,000 $95,000
$1,250,000$100,000
$1,300,000$105,000
$1,350,000$110,000
$1,400,000$115,000
$1,450,000$120,000
$1,500,000$125,000