Average House Price in Brant – 2641

Average Down Payment in Brant, Ontario for lizthebiz

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The minimum down payment is the cash amount a buyer gives to qualify for a mortgage loan and buy a house. It's to offset the risk to the lender.

Purchase price of your homeMinimum amount of down payment
$500,000 or less5% of the purchase price
$500,000 to $999,9995% of the first $500,000 of the purchase price
10% for the portion of the purchase price above $500,000
$1 million or more20% of the purchase price