How A Larger Down Payment Will Change Your Monthly Mortgage Payment

*The minimum down payment is determined as follows: Purchase price of $500,000 or less - 5% of the purchase price. Purchase price of $500,000 to $999,999 - 5% of the first $500,000 of the purchase price and 10% of the portion of the purchase price above $500,000. Purchase price of $1million or more - $20% of the purchase price.
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