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Down Payment on a $300,000 House

See exactly how much cash you need upfront at common down payment percentages — then adjust the numbers below to match your own loan.

Quick Answer

A 20% down payment on a $300,000 house is $60,000 — the standard amount to avoid PMI. Lower down payments (3%–10%) are possible with the right loan program.

Home Details

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Your Estimate

Down Payment Needed

$60,000

20% of $300,000

Home Price$300,000
Loan Amount$240,000
Est. Monthly Payment$1,516.96
PMI RequiredNo

PMI typically applies below 20% down on conventional loans. Monthly payment estimate covers principal and interest only.

$300,000 House: Down Payment by Percentage

Estimated loan amount and monthly payment (principal & interest, 6.5% APR, 30-year term) at each common down payment level.

Down PaymentCash NeededLoan AmountMonthly Payment
3%$9,000$291,000$1,839.32
3.5%$10,500$289,500$1,829.84
5%$15,000$285,000$1,801.39
10%$30,000$270,000$1,706.58
15%$45,000$255,000$1,611.77
20%$60,000$240,000$1,516.96
25%$75,000$225,000$1,422.15

Frequently Asked Questions

How much do I need for a down payment on a $300,000 house?
At the common 20% benchmark, a down payment on a $300,000 house is $60,000. You can put down less — 3.5% (FHA) is $10,500, and 3% (some conventional programs) is $9,000 — but anything below 20% on a conventional loan typically requires PMI.
What's the minimum down payment on a $300,000 house?
The minimum is usually 3%–3.5% depending on the loan program — $9,000 to $10,500 on a $300,000 house. VA and USDA loans can require $0 down for eligible borrowers.
How much down payment avoids PMI on a $300,000 house?
Putting down 20% — $60,000 — eliminates Private Mortgage Insurance on a conventional loan for a $300,000 house. Below that, expect to pay PMI until you reach 20% equity.
How does my down payment affect the monthly payment on a $300,000 house?
A bigger down payment shrinks your loan amount dollar-for-dollar, which lowers your monthly principal and interest payment. See the table below for exactly how much each down payment level changes the monthly cost on a $300,000 house.

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