Average House Price in Sherwood Park by My House Stats

Average Down Payment in Sherwood Park, Alberta for My House Stats

Tap here for info on the average down payment in Sherwood Park, Alberta. 👈🏿

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