$400,000 Home with 20% Down: Standard Mortgage Analysis

A $400,000 home with 20% down ($80,000) means a $320,000 loan. With no PMI required, this is one of the most cost-effective mortgage scenarios.

Payment Summary

• Home Price: $400,000
• Down Payment: $80,000 (20%)
• Loan Amount: $320,000
• PMI: Not required
• Estimated P&I: ~$2,076/month at 6.75%

With 20% down, you avoid PMI entirely, secure better interest rates, and start with significant equity. This scenario is ideal for buyers who have saved a substantial down payment.