08/19/2026
Repeat buyers, your home equity may be an important part of your next move.
Equity is the difference between what your home is worth and what you still owe on your mortgage. When you sell, that equity may become available to put toward your next home purchase, including your down payment.
For some repeat buyers, that can make a larger down payment an option. But putting 20% down isn’t the right choice for everyone.
A larger down payment generally means borrowing less. The impact on your monthly payment, overall loan costs, and available financing options will depend on the loan program and your individual circumstances. Depending on the loan program and other factors, putting less than 20% down may also involve private mortgage insurance (PMI).
The right down payment can depend on your goals, budget, loan program and overall financial picture.
Thinking about your next move? Let’s talk through your options.
Equal Housing Lender | NMLS #408902
Down payment requirements and available loan programs vary. Consult your loan officer regarding your specific circumstances.
Source: National Association of Realtors®, Highlights from the Profile of Home Buyers and Sellers, July 2026