How much is a down payment on a $300,000 house?
The down payment on a $300,000 house depends on the loan: 3.5% FHA is $10,500, a 3% conventional is $9,000, 5% is $15,000, and a full 20% is $60,000. VA and USDA can be $0 down for eligible buyers.
You don't need 20% to buy — most Florida first-time buyers put down 3% to 5% and use assistance programs to help cover it. We'll show the monthly payment and PMI at each down payment level so you can pick what fits.
The math for common loan types
It depends on your loan. On a $300,000 home, an FHA loan at 3.5% down comes to $10,500. A conventional loan at 5% down is $15,000. A 3% conventional option drops it to $9,000. VA and USDA can be $0 for those who qualify.
A 20% down payment on that same house is $60,000. Twenty percent is not required, though. Most Florida buyers put down far less and still get a strong loan.
Down payment is not your only cost
Plan for closing costs too. In Florida these usually run 2% to 5% of the price, so figure $6,000 to $15,000 on a $300,000 home. Down payment assistance or seller credits can shrink that number.
Run your own figures in seconds with our down payment calculator. Then apply and we will tell you the exact cash you need to close on a $300,000 Florida home.
Verify the details for your own situation against these government and agency sources: Florida Housing homebuyer programs and CFPB Owning a Home guide.