Adown payment is usually what percentage of the asking price of a home? 1. 0–5 percent 2.5–20 percent 3. 20–50 percent 4.50–75 percent

A down payment is the sum of money you spend straight to acquire a home and is typically combined with a home loan to achieve the total purchase price of a home. In addition your down payment amount, credit history, your credit score, total debt and annual income will affect how much of a loan you can be eligible for. The greater your down payment, the lower your monthly mortgage payment will be.  The amount required for a down payment is determined by on your loan type. Normally you will need 5 to 20% of the sale price in cash in order to meet the requirements for a conventional loan.

they answer is 2) 5-20%