An amount paid toward the purchase of property.

The portion of the house price the buyer must pay up front from personal resources, before securing a mortgage. It generally ranges from 5%-25% of the purchase price.

The difference between a home’s purchase price and the amount of the mortgage against the property. The down payment must be paid upfront before the home purchase can close.

A down payment is the amount, usually stated as a percentage, of the total cost of a property that you pay in cash as part of a real estate transaction. The down payment is the difference between the selling price and the amount of money you borrow to buy the property. For example, you might make a 10% down payment of $20,000 to buy a home selling [..]

A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the balance remaining, and pays it off in m [..]

An amount paid in cash for a property, with the intent to mortgage the remaining amount due.

The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.

Definition The part of the purchase price paid in cash up front, reducing the amount of the loan or mortgage.

refers to when the purchase of a house is to be made only partially upfront and the rest is covered by a mortgage. The initial upfront payment is known as the down payment and is made with cash when t [..]

the portion of a home's purchase price that is paid in cash and is not part of the mortgage loan. This amount varies based on the loan type, but is determined by taking the difference of the sale [..]

A cash payment credited against the purchase price of a vehicle, which reduces the amount to be financed. In a lease transaction, this amount is often referred to as the "capital reduction."

Money paid for a house from one's own funds at closing. The down payment will be the difference between the purchase price and mortgage amount.

is the amount of the purchase price that the buyer is paying. Generally, lenders require a specific down payment in order to qualify for the mortgage.

The amount of money you deposit when you first buy your home. It must be at least 5% of the purchase price, but can be more. The down payment will help determine how much you need as a mortgage loan, and whether or not you will have to pay mortgage default insurance, which is required if you have a down payment of less than 20% of the purchase pric [..]

The difference between the value of the property and the loan amount, expressed in dollars, or as a percentage of the price. For example, if the house sells for $100,000 and the loan is for $80,00 [..]

Cash paid up-front by a borrower to reduce the amount financed in a lease or loan. While a large down payment can reduce your monthly payments, it also likely will be forfeited in the event of a total [..]

The difference between the selling price of the property and the loan amount, expressed in dollars, or as a percentage of the price. For example, if the house sells for $100,000 and the loan is for $80,000, the down payment is $20,000 or 20%.

The amount of cash paid towards a part of the purchase price on top of the loan.

An initial cash payment in a lease/ loan that reduces the capitalized cost or is applied to other amounts due at lease signing. See "Capitalized cost reduction".

Cash paid by the buyer at closing, representing a percentage of the purchase price. Different types of loans may require different percentages of down payment.

An amount paid in cash to the seller when a home is purchased. The down payment is the difference between the purchase price and the mortgage amount.

The difference between the purchase price and mortgage amount. The down payment becomes the property equity. Typically it should be cash savings, but it can also be a gift that is not to be repaid or a borrowed amount secured by assets.

When you make a down payment, you pay a certain amount of money (usually a percentage of the purchase price) up front. When it comes to auto loans, generally the higher the down payment, the lower you [..]

A sum payable to a seller of property as initial consideration for the purchase of the property. Such amount may be or become non-refundable under certain circumstances as damages for failing to perfo [..]

The portion of a home’s purchase price that is paid in cash and is not part of the mortgage loan.

A portion of the price of a home, paid up front and not borrowed. This allows the borrower to lower their total loan amount and save money over the repayment process.  Learn more...

The amount of money to be paid by the purchaser to the seller upon the signing of the agreement of sale. The agreement of sale will refer to the downpayment amount and will acknowledge receipt of the [..]

The part of the purchase price that the buyer pays in cash and does not finance with a loan. Due Date

A portion of the total cost of an expensive item, such as a car, paid at the finalization of a purchase, which ensures the securing of the car loan for the balance of that item’s cost. The size of the down payment is usually agreed to by both lender and borrower, but will likely have to meet a minimum standard (a minimum percentage of the total pri [..]

An amount given as security for a loan to ensure that other remaining payments will be made

A sum of money put toward the purchase price to reduce the amount of money borrowed.

The initial and part cash payment towards the price of the property which is not financed by the mortgage.  

Technique used in a financial transaction to reduce the monthly payments.

The portion of a sale that the consumer pays for with cash and does not borrow.

When you borrow money for a home, any lender will ask you to contribute some of your own money to the purchase of the house.

An advance cash payment from the buyer to the supplier before the entry into force of the contract. It is sometimes known as an initial direct payment. Downpayments on exports are usually ineligible f [..]

The difference between the sales price and the mortgage amount. A downpayment is usually paid at closing.

A percentage of the purchase price that the buyer must pay in cash and may not borrow from the lender.

An amount paid in cash for a property, with the intent to mortgage the remaining amount due.

Money paid to make up the difference between the purchase price and the mortgage amount. Down payments usually are 10 percent to 20 percent of the sales price on conventional loans.

The up-front cash payment that the buyer makes to reduce the amount borrowed to purchase a car; the difference between the loan amount and the purchase price. A trade-in allowance and/or rebate also m [..]

A down payment

The amount of cash you put down to reduce the capitalized cost, and hence your monthly payments. It is subtracted from the car's capitalized cost, before the monthly payment is calculated.

The money you pay upfront for a car to reduce your monthly payments

The money you put down up-front to reduce the amount you are financing. This can reduce your monthly payments. Usually a typical down payment is roughly 20% of the sale price of the car.

The money you pay upfront for a car to reduce your monthly payments

Money paid to make up the difference between the purchase price and mortgage amount. Down payments usually are 10 percent to 20 percent of the sales price on Conventional loans, and no money down up to 5 percent on FHA and VA loans.

The difference between the loan amount and the purchase price, which is usually paid immediately upon purchase in the form of cash or an equity trade-in value.

The payment made at the beginning of the auto loan in order to lower the total amount financed.

Money to be paid at the time of purchase to lower the total amount financed through the loan.

The part of the purchase price of a vehicle that the buyer pays in cash and does not finance with a loan. This could include any combination of cash, trade-in value of a previously-owned vehicle and r [..]

An initial cash payment in a lease that reduces the capitalized cost or is applied to other amounts due at lease signing. See

The amount of the purchase price of a home, a car, or other large item that is paid by you, using your money. The rest of the money is usually borrowed from a financial institution in the form of a mortgage or loan.

The amount of money (in the form of cash) put forward by the purchaser. Usually, it represents the difference between the purchase price and the amount of the mortgage loan.

The down payment on a property is the amount of cash applied to the purchase, with the remainder of the purchase accomplished through a mortgage or other debt.

A percentage of the delivery value, which is being paid by the lessee at the time of signing of the leasing agreement. While calculating the repayment schedule, the amount of the down payment is being [..]

The part of the property purchase price paid in cash, and not financed with a mortgage.

The difference between the sales price of real estate and the mortgage amount.

The portion of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage. A down payment of at least 20% is necessary to avoid paying PMI private mortgage insur [..]

The amount of the total purchase price paid up front in cash.

a deposit you make on a large purchase. The down payment reduces the amount you need to borrow

The difference between the sale price of a property and the mortgage amount.

Part of the purchase price of a property that is paid in cash and not financed with a mortgage.

Part of the purchase price of a property that is paid in cash and not financed with a mortgage.

The amount of money that a home buyer pays towards the purchase price of the home. In many cases the buyer borrows the rest of the purchase price from a lender and the lender registers a mortgage as s [..]

The amount of money to be paid by the purchaser to the seller upon the signing of the agreement of sale. The agreement of sale will refer to the down payment amount and will acknowledge receipt of the [..]

The amount of your home's purchase price you need to supply up front in cash to get your loan. For conventional loans, you should strive for a down payment that's at least 20% of your [..]

The part of the purchase price of a property that the buyer pays in cash and does not finance with a home loan.