A sum of money offered by the consumer towards the purchase of a vehicle.
The down payment is the amount of money paid at the time of purchase. The amount paid along with the loan amount equal the purchase price of the vehicle. Most of the time Conventional loans have a down payment of 10 to 20 percent of the sales price. FHA and VA loans normally either do not require a down payment or it is up to 5 percent of the purchase price.
An amount of money paid towards the purchase price of an item being financed. The down payment is subtracted from the total cost of the item and the balance of that cost is then financed.
The percentage of your home's purchase price you need to supply up front in cash to get your loan. You should strive for 5%-10% down payment.
Money paid at the time of purchase to reduce the amount to be financed. The down payment will be the difference between the purchase price and loan amount. Often, a larger down payment means a lower APR.
The amount of money put forth by the buyer towards the purchase price of a home.
A part of the full price of something that is paid at the time of purchase or delivery, with the remainder to be paid later.
The amount of money paid to the car dealer up front for the car.
Cash portion paid by a buyer from his own funds, as opposed to the financed portion of the purchase price.
The partial cash payment made by the purchaser a major piece of property, where a loan is taken on for the balance of the purchase price.
It's a cash payment made by a buyer when purchasing a big property such as car or house. The remaining founds are to be payed monthly over time.
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 for ECA support. Français: Acompte Español: Pago inicial, depósito inicial, pago de entrada
Money you pay at the time of the purchase to reduce the amount that will be financed. Gas Guzzler TaxA tax on vehicles that get poor gas mileage.
The amount of money provided by a buyer up front to get a loan for the remainder of the purchase price. Select the state in which you wish to find a Real Estate Agent to buy, sell, buy and sell, a home today! Alabama / Alaska / Arizona / Arkansas / California / Colorado / Connecticut / Delaware Florida / Georgia / Hawaii / Idaho / Illinois / Indiana / Iowa / Kansas / Kentucky / Louisiana Maine / Maryland / Massachusetts / Michigan / Minnesota / Mississippi Missouri / Montana / Nebraska / Nevada / New Hampshire / New Jersey / New Mexico New York / North Carolina / North Dakota / Ohio / Oklahoma / Oregon / Pennsylvania Rhode Island / South Carolina / South Dakota / Tennessee / Texas / Utah / Vermont / Virginia Washington / Washington DC / West Virginia / Wisconsin / Wyoming Copyright © 2005-2006 RealEstateLocalSearch.com, ALL Rights Reserved
A percentage of the purchase price that an investor pays for an investment. The remainder of the price is then financed through other means.
The amount of money, if any, required up front by a lending institution in order to get a mortgage.
The amount of money a borrower agrees to pay on a property that is not financed with a mortgage loan.
The part of the purchase price paid in cash up front, reducing the amount of the loan or mortgage. see also payment.
The amount of cash put forward by the buyer towards the purchase price of real estate.
Part of the purchase price that is paid to the buyer up front.
An initial payment when purchasing a vehicle. This payment is negotiable with your dealer.
A lump sum paid when contracts are exchanged. It can also refer to the down payment made on a new property in order to reserve it for you.
A down payment is the cash you deposit towards the purchase of a home, business property, or vehicle. The larger the down payment, the less you need to borrow. For home loans, a down payment of 20% of the home purchase price is generally required to avoid private mortgage insurance.
The amount to be paid up front while going for a loan scheme with a dealer.
The payment that a borrower makes upfront at the time of drawing auto loan. The amount of down payment will depend on the borrower’s credit history, amount of loan being taken and the period within which loan will be repaid.
The money the home buyer pays at the time of closing for the purchase of the home. It reduces the amount financed. Down payments usually are 10 percent to 20 percent of the sales price on conventional loans, and no money down up to 5 percent of FHA and VA loans.
This is the amount of money in which a lender requires you to put up front as a measure of good faith. The better a persons credit worthiness is usually results in less money required as a down payement from the lender.
An amount paid at time of purchase that reduces the amount financed.
The part of the purchase price paid in cash or trade-in value.
The money paid by the buyer to the lender at the time of the closing. The amount of the down payment is the difference between the sales price and the mortgage loan. Down payment requirements vary by loan type. A smaller down payment, less than 20 percent, usually requires mortgage insurance.
the down payment is the difference between the total purchase price and the amount being financed by the lender.
The initial payment of cash towards the purchase price which the buyer pays and does not finance with a mortgage.
The total of the buyer's initial deposit plus additional deposits and the balance owing.
The difference between the sales price and the loan amount is the correct definition of down payment. For example: A sales price of $100,000 less $5,000 down payment = $95,000 loan amount. Very often it is misinterpreted as the total of all funds necessary at closing. Closing costs, pre-paids, reserves and escrow funds are also necessary to be paid at closing in addition to the down payment. *NOTE…If M.I.P. is financed, the loan amount can be very close to the same amount as the original sales price on a 3% down F.H.A. loan.
The amount of money the purchaser has to put towards the purchase price after satisfying all of the costs associated with purchasing the property.
Percentage of the purchase price that the buyer must contribute with his or her own funds.
An amount paid directly by a buyer toward the purchase price of a property.
A portion of the purchase price that is paid in cash and not financed with a mortgage.
Money given by the purchaser of a property to the seller to acquire the mortgage and hence the property. The difference between the sales price and the mortgage amount are the down payment.
The money paid by the buyer to the lender at the time of the closing. Because it's paid in advance, the down payment is not part of the mortgage loan. Smaller down payments (those less than the standard 20 percent) usually require mortgage insurance.
A down payment is a certain amount of money that you pay in order to purchase the home. This fee is often negotiable, depending on the type of loan you receive.
The amount paid by cash or trade-in toward the purchase price. Generally, lenders waive mortgage insurance (PMI) for down payments of 20% or more. However, there are several loan programs available for buyers with as little as zero down.
A portion of the price of a home, usually between 5-30%, not borrowed and paid up front. Foreign/International buyers are typically required to have a down payment of 20-30% to secure financing.
The part of a home's cost a buyer must pay out of pocket. A down payment is usually paid at closing.
The part of the purchase price of the house that the buyer pays in cash.
Funds (usually cash) paid by the purchaser. Represents the difference between the purchase price and mortgage amount.
The amount of cash that a purchaser needs to put toward the cost of a home, automobile, or other large purchase that is being financed (taking out a loan).
The buyer's portion of the purchase which is required at the time of settlement; the balance due usually comes from a mortgage.
The amount paid for a property in addition to the mortgage loan; usually expressed as a percentage value.
The portion, normally paid in cash, of the sales price that is not included in the mortgage amount on a home. The down payment is usually paid at closing.
The initial cash payment made when buying something on an installment contract.
The part of the purchase price that the lender requires be paid in cash by the borrower.
Amount of money a buyer gives to the seller, representing a small percentage of the total purchase price. For example, 10 percent down payment on a $100,000 house is $10,000.
Initial payment, usually a large amount, used to reduce the amount financed.
The amount of money required up front by a lending institution in order to get a mortgage. This can be as low as 3 percent, depending on the type of loan.
Also known as "earnest money". An amount of money, deposited by the buyer in accordance with the terms of the contract, which is applied to the purchase price at the time of closing. The downpayment may be forfeited if the buyer defaults.
Amount paid as a down payment, which for leases is often called a capital reduction.
Aa portion of the original purchase price that is paid by the borrower so that the borrower will have that portion of equity.
The amount of money the borrower plans to pay in cash toward the purchase price of the home. This is the initial amount of equity in the property.
That portion of the homes purchase which is not paid in the new mortgage. Typically, paid in cash by the borrower (down payments typically range from zero to 30% depending upon loan type and program).
A certain payment made by the borrower at the commencement of the loan is known as down payment.
Amount paid by the customer in cash or trade-in value to get an auto loan in order to finance the remaining of the purchase price.
An amount of money paid at closing by the buyer, which is the difference between the purchase price of a property and the amount financed through a lender.
The down payment is a percentage of the agreed upon selling price that the buyer is required to pay in cash and may not be borrowed from the lender. The down payment, when added to the mortgage, equals the price of the residence.
cash portion of the amount of the purchase price
Money that a loan requires the buyer to put down on the home. This amount will vary according to the loan used.
The part of the purchase price that a buyer pays in cash and is not included in the mortgage
Amount paid for the purchase of a property in addition to the mortgage, but not including any closing costs. Example: Borrower purchases a home for $100,000 and obtains a loan of $80,000; down payment is $20,000.
An upfront payment made by the borrower at the time of drawing auto loan is known as down payment. The amount of down payment is dependant on borrower's credit history, amount of loan being taken and the period within which loan will be repaid.
part of the purchase price paid by the buyer upfront that is not financed as part of a mortgage
Amount paid up front when arranging credit. For leases, a down payment is often called a "capital lost reduction".
The cash that buyers pay toward the purchase of a property.
Money initially paid for a vehicle prior to its financing.
A cash amount that makes up the difference between the price and the amount being financed.
An amount of money (usually a percentage of the premium plus any fees) which the insured must pay in order for the coverage to be bound. (See Bind)
The equity amount invested in an asset purchase. The down payment plus the amount borrowed generally equals the total value of the asset purchased.
A portion of the purchase price that the lender requires the buyer to pay at closing. This is separate from closing costs or prepaid items. On the day of closing it is the buyers' "equity" in the home.
The difference between purchase price and the portion of the purchase price financed by a lender. Most lenders require that the down payment come from the buyer's own funds, but may also allow gifts from relatives.
The amount of money you pay up front towards the financed purchase of a vehicle.
The amount of money the purchaser pays in cash toward the price of their home.
The initial payment of a home. There are certain minimums of down payments depending on the type of loan. Most down payments are 5 to 30 percent of the purchase price.
The money that a home buyer has to contribute, often at least 15 per cent of the value of the house, when he is taking a home loan.
Money that borrowers need to pay at the closing of the loan. The down payment is the difference between the home’s value and the loan amount. Paying a higher down payment will result in a smaller loan amount and smaller monthly payments. Generally, the down payment is 20% of the home’s value, but zero-down loans are available also.
The amount of money paid initially, and not covered by the mortgage.
The buyer and lender determine the down payment requirements during the pre-qualification process. The down payment is usually expressed as a percentage of the purchase price: e.g., 0%, 5%, 10%, 20%, 25%, 30%.
Initial investment on a home loan.
An amount given as security for a loan to ensure that other remaining payments will be made
This is the difference between the purchase price and the total amount of the mortgage loan, which represents the buyer's cash payment towards the purchase of a property
The down payment is the percentage of the home price that you pay in cash at the time of purchase. Down payments come in 5% increments: 5%, 10%, 15%, and so on.
Cash amount paid by a buyer from his/her own funds which the difference between the purchase price and the amount to be covered by the mortgage loan.
An amount subtracted from the cash price to arrive at a net cash price. The amount may be cash, a mutually agreed value for a vehicle trade-in, a manufacturer's rebate, or a combination of all three.
Down payment is a certain percentage of the value of the vehicle paid by the borrower.
First sum of money paid to a seller or hire purchase company. Also called a deposit.
Is a cash amount you pay towards your purchase. Most loans do not require a down payment, but if they do it typically is 10%-20%.
An amount of money, deposited by the buyer in accordance with the terms of the contract which may be forfeited if the buyer defaults, or applied to the purchase price at the time of closing.
The difference between the purchase price and amount borrowed needed to complete the purchase.
A cash deposit given towards a purchase of an item, such as real property, or a vehicle, with the rest of the funds for the purchase provided by a loan.
An amount paid in cash for a property, with the intent to mortgage the remaining amount due.
The initial amount you pay to the dealer or lessor to reduce the amount you need to finance on the vehicle.
The amount of money that is paid for a property while the remainder is financed. This amount may, or may not, include additional fees and costs incurred by the purchaser.
The money that the buyer pays in cash toward the purchase price of a home.
The amount you pay in cash towards the total sales price of the home you are buying. Your down payment accounts for the part of the home's sales price not covered by the money you borrow from a lender. Most lenders require the down payment to be paid from the buyer's own funds. Gifts from related parties are sometimes acceptable, and must be disclosed to the lender. Making a larger down payment may also help you avoid the necessity of purchasing a mortgage insurance policy, which maybe required of buyers providing a down payment of less than 20% of the home's sales price.
The cash that a buyer will pay to the seller, in addition to the money from the mortgage loan. Many lenders will require a minimum down payment of 10% of the purchase price, although some lenders are willing to lend with 5%, 3% or even 0% down.
is the portion of the purchase price of the property that the buyer puts down (pays) at the time of purchase.
The difference between the sales price and the mortgage amount, but not including any closing costs and/or prepaids.
The amount of cash that will be paid at the closing towards the purchase price of the home.
The cash portion paid by a buyer to purchase a property.
The amount of money the buyer can put down on the purchase of property.
The amount of cash that a purchaser puts down to buy property. Most lenders require a minimum of 5% down payment for an owner occupied purchase where the purchaser(s) intend to live in the property and at least 20% down for an investor purchased property where the investor does not intent to use the property as their primary residence.
A specified percentage of a home's value paid at closing. Usually a down payment is 5%, 10%, 20% or 25% of the house price. Private mortgage insurance is required for amounts less than 20%.
A sum of money paid by buyers out of their own resources when the agreement of sale is issued.
The difference between the sale price of a property and the mortgage amount.
Cash to be paid by the buyer at closing to consummate a real estate transaction. Down payment is the difference between the sales price and the mortgage amount.. Buyer cash required at closing includes the down payment, closing costs and prepaid expenses.
The difference between the purchase price and the amount financed. Most loan programs require the down payment to be paid from the buyer's own funds. Gifts are sometimes acceptable, but must be disclosed to the lender.
The portion of the purchase price that the buyer pays in cash and does not finance with a mortgage. Early delinquency counseling A requirement of certain Fannie Mae loan products in which mortgage servicers refer borrowers who fail to make a mortgage payment on time to a third-party counseling agency to help resolve any problems.
Money paid to bridge the difference between the purchase price and the mortgage amount. Down payments usually are 10-20% of the sales price on conventional loans.
difference in purchase price and mortgage amount; usually 5% to 20% of the sales price on conventional loans.
Initial money put down as a deposit on a property.
The cash paid by the borrower that represents the difference between the sale price and the loan amount. Earnest Money - The money the buyer gives the seller in a show of good faith against the purchase price of a home. This binds the agreement between buyer and seller.
The amount of money you pay up front when purchasing a home. A down payment of up to 20% of the purchase price will generally be required, but many loans go through today with as little as 5%, or in some cases, 0%, down. Your down payment can affect the interest rate and whether you must purchase Private Mortgage Insurance (PMI).
The amount of a buyer's cash payment towards the purchase of a property. The remainder of the purchase price is usually in the form of a mortgage loan.
Buyer's payment to the seller at time of closing for that percentage of the purchase price required by the buyer's mortgage loan.
Your down payment is the amount of money you initially deposit to lower the amount financed.
The amount of cash a buyer puts toward a purchase.
The part of the purchase price of real estate that the buyer pays in cash and does not finance.
A partial payment made at the time of the purchase of real estate, with the balance to be repaid as stated in the loan agreement.
Percentage of the purchase price you will provide in cash up front.
A sum of money put down to buy a house, car, or other large item. This is a portion of the purchase price which is generally required by the seller to be paid in cash upfront.
The portion of a home's purchase price the buyer pays at close of escrow. Often, the down payment is expressed as a percentage of the total purchase price, typically between 3% and 20%.
The money paid from the buyer to the lender at the time of closing, and is the difference between the sales price and the mortgage loan. Most lenders require the down payment to be paid from the buyer's own funds.
Cash portion of the amount of the purchase of real estate.
The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.
The difference between the purchase price and the portion financed by a mortgage lender.
The buyer's cash payment toward the property that is the difference between the purchase price and the amount of the mortgage loan.
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 part of the purchase price paid in cash up front by the borrower, reducing the amount of the loan or mortgage.
Part of the purchase price of a property that is paid in cash and not financed with a mortgage.
The portion of the purchase price that a buyer pays up front, in cash, which reduces the amount of the loan needed to purchase the property.
Amount paid at the time of purchase; balance is paid throughout term of loan.
Cash paid by the buyer at closing that makes up the difference between purchase price and the mortgage amount.
The amount of money you pay the car dealer up front. Any money you put into the down payment you don't have to borrow as a loan with interest. So, the more money you put down, the less you have to borrow.
down payment is the payment that borrower will have to make from his side. The car loan provider will state the percentage which borrower will have to make from his side. Down payment depends on several factors like the borrower’s credit history, the amount of car loan applied for and the period for repayment of car loan.
A part of the purchase price, paid in cash, to cover the difference between the purchase price and the loan amount. Typically between 5% and 20% but can be more or less.
The amount of money (usually in the form of cash) put forward by the purchaser. It represents the difference between the purchase price and the amount of the mortgage loan.
The money that you pay up front for a house. Down payments typically range from 10%-25% of the total value of the home.
Money you pay at the time of the purchase to reduce the amount that will be financed, the more you pay the lower the monthly payment.
Amount that has to be paid in advance as part of total amount under an agreement for acquiring resources. The rest is usually in the form of a loan.
Money paid to make up the difference between the purchase price and the mortgage amount.
The amount of money paid to the seller when a home is purchased, which 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.
The amount of payment required securing the purchase of a property. Lenders typically require a 20% down payment, although with mortgage insurance down payments of 5, 10, and 15% are common.
Amount of money the seller receives upon signing an agreement to sell his/her property with balance to be paid later.
The portion of the purchase price that a buyer pays up front, in cash, at the time the loan originates.
Money paid for a house from the buyer's funds at closing. The down payment amount is the difference between the purchase price and the mortgage amount. 100% combo financing allows buyers to obtain two loans, with one used as the down payment, so that the buyer doesn't have to come up with a large amount of cash up front to buy a home. Alternately, borrowers may be able to obtain 100% financing through a single lien that covers the value of the down payment and the balance of the home value in one loan instead of two.
The difference between the loan amount and the sales price of the home you are purchasing. The down payment is paid in cash by the buyer at closing, and is often expressed as a percentage of the sales price (a 5% down payment on a $150,000 home would be $7,500).
The difference between the purchase price and the mortgage amount for home purchase transactions. Depending on such factors as credit standing and the type of loan desired, the buyer may be required to put down a greater or lesser percentage of the sales price as down payment.
The portion of the amount for the purchase of real estate that is given in cash and in advance by the borrower.
The amount of money to be paid by the purchaser at closing and is applied against the purchase price. Select Another Letter
The part of the purchase price of a property that you pay in cash up-front, and do not finance with a mortgage.
The amount of cash or net trade-in allowance applied to reduce the cash sales price of a vehicle. Most retail transactions require a down payment of 0 to 20 percent of the amount to be financed. However, the required down payment can be less depending on your credit standing, ability to repay, and other criteria. A down payment helps lower your monthly payment as well as establish equity in your vehicle.
A cash payment made by a buyer when they purchase a property.
The amount of a property's purchase price that the buyer pays in cash and does not finance with a mortgage.
A down payment is the cash you deposit towards the purchase of a house, or commercial vehicle. The larger the down payment, the less you are required to borrow. The value of a car trade-in, can be used instead of a down payment when purchasing a vehicle.
Finance companies do not pay the whole of the price of car. They normally give loans up to 80-85% of the value of the car. The remaining part of the car price will be paid by the buyer.
The difference between the loan amount and the sales price of the home you are purchasing. This is measured in a percentage; for example, a 3% down payment on a $70,000 home would be $2100.
The upfront cash you will pay toward the purchase of your home. The down payment reduces the amount that will need to be financed.
The customary minimum down payment, described as the difference between the mortgage and the lower of the purchase price or appraisal, is three percent on most loans. For a down payment of less than 20 percent, private mortgage insurance is required.
The part of the purchase price of a property that the buyer pays, usually in cash, and is not included in the loan amount. The difference between the cost of the property and the loan amount.
This is the amount of the purchase price that you are paying up front and not financing. Say for instance that you are getting a 97% loan on a $100,000 house. This means that you need to have $3,000 (3%) for the down payment to take to closing with you. Earnest Money Deposit (Earnest Money) Typically when you make an offer to purchase a home, you will be asked to put a deposit down. It is to show that you are serious about purchasing the home.
The difference between the mortgage and the lower of the purchase price or appraisal. The minimum down payment is three percent on most loans. Private mortgage insurance is required for a down payment less than 20 percent.
The amount or percentage of the purchase price paid by the buyer in cash, not borrowed from the lender.
Wonder why it's called down payment when it has to be paid up-front? Housing Finance companies normally give loans up to 80-85% of the value of the property. The balance would have to be paid by the buyer, as a payment before he draws on the loan amount.
The amount of money put forward by the buyer before securing a mortgage. It usually ranges from 5% to 25% of the purchase price.
The amount of money provided by the Purchaser toward the total price of the property (not including legal fees or other acquisition costs). In general, downpayment plus mortgage equals purchase price.
The initial amount paid in cash toward the total price of a home or car. A large down payment may help you get a more favorable interest rate and let you avoid having to buying mortgage insurance.
The difference between the sale price of the property and the loan amount.
The difference between a property's purchase price, and the amount financed. Minimum 5%, but also 10% and 25% are common.
Not part of the mortgage, generally 20% of the home's purchase price paid prior to the loan commences.
The difference between the purchase price and that portion of the purchase price being financed. Most lenders require the down payment to be paid from the buyer's own funds. Gifts from related parties are sometimes acceptable, and must be disclosed to the lender.
The amount of the buyer own money put in at purchase, not including any closing costs and loan fees. Depending on such factors as credit standing and the type of loan desired, the buyer may be required to put down a greater or lesser percentage of the sales price as down payment.
The difference between the loan amount and the purchase price of a home is the Down Payment. Depending on your credit and the type of home you are buying the Down Payment can range from 0 to 50%. The Bank sets the requirements depending on many factors. The typical minimum Down Payments are: VA Loans, owner occupied - 0% FHA Loans, owner occupied - 3% Conventional, owner occupied homes - 5%. Non owner occupied homes - 20
The portion of a property's sales price that the buyer pays in cash. The buyer's initial investment.
This is the amount that is paid for a property that is due at time of purchase and is in addition to the mortgage. No closing costs are included in the down payment.
Money paid by the borrower that is the difference between the purchase price of the property and the amount of the mortgage.
The amount of money that is initially deposited to lower the amount financed.
Cash portion of the purchase price paid by a buyer from his own funds as opposed to that portion which is financed.
Money paid to make up the difference between the purchase price and loan amount. Down payments usually are 10 to 20 percent of the sales price on conventional loans.
The different between the sales price and the mortgage amount. It is actually paid at closing.
A sum paid to book an accommodation, freely agreed upon, equal to the deposit. It represents the confirmation of the booking and is final for both parties. Thus, if the renter cancels, the property owner can demand the payment of the entire rent due for the period booked.
The difference between the loan amount and sales price that must be pald by the buyer. Does not include any closing costs or prepaid expenses.
A sum of money put down to buy a house, car or other large item. This amount is deducted from the balance of the loan that finances the purchase of the item.
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.
The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
The part of the purchase price which the buyer pays in cash and does not finance with the mortgage.
The amount of money put forward by the purchaser from his own resources.
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. A lender will usually require a down payment of at least 20% of the sales price unless the buyer purchases mortgage insurance.
Cash paid by the buyer toward the purchase price vs. portion that is financed.
The amount paid in advance on a property.
The difference between the sales price of a property and the amount of the loan. The buyer pays the down payment amount at the closing.
The portion of the home price that is not financed by the mortgage loan. The buyer must pay the down payment from his/her own funds or other eligible sources before securing a mortgage. It generally ranges from 5% to 25% of the purchase price but can be more.
The part of the purchase price of a property that the buyer pays in cash and may not borrow.
The amount of the purchase price of the item that is not financed by the loan. This is equal to the sales price minus the loan amount.
A percentage of the purchase price the buyer pays in cash.
A portion of the purchase price that a buyer pays before moving in to a home. The down payment is usually paid at closing.
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 monthly installments over time.
The cash you give to the dealer or lessor to reduce the vehicle's price. It's a type of Cap Cost Reduction.
The part of the purchase price paid in cash. The higher the down payment, the easier to qualify and the better the loan terms.
Percentage of the purchase price of a property that the buyer must pay in cash and may not borrow from the lender.
An initial cash payment in a lease that reduces the capitalized cost or is applied to other amounts due at lease signing. See Capitalized cost reduction.
The amount a buyer must put up himself, the difference between the full price of the property and the amount of the mortgage.
Percentage of the purchase price that the buyer must pay in cash and may not borrow from the lender. The down payment plus the loan amount make up the total purchase price of the house. The down payment is made at the time of closing, and is usually obtained from funds provided by the buyer or the next proceeds from the sale of the buyer's previous residence. The amount of down payment required will vary with the type of loan.
The amount of money paid for real estate in addition to the loan amount.
The amount of cash paid towards the purchase transaction by the buyer of a home. This is also known as the purchaser's initial "equity" in the property, but is used by a lender to judge the personal commitment to the property. For example, a lender considers that, if a buyer saved the down payment, or received it as a gift from a loved one, they will be far more committed to maintaining the property value and making the mortgage payments than if they acquired it for "no money down".
The amount that must be paid by a buyer in cash when purchasing a property.
A portion of the purchase price of real property that a buyers pay from their own funds or gifts.
The down payment is the dollar amount difference between the sales price and mortgage loan amount.
The amount a consumer pays in cash on a major purchase. It can be required by the lender as a condition of purchase.
The amount of money that is paid between the purchase price and loan amount.
The difference between the purchase price and your loan amount. To meet your financial situation and goals, there are programs with 0%, 3% and 5% down, as well as up to 20% down or more. There is even a program that allows you to finance the entire purchase price plus an additional 3% to pay closing costs. However, if you make a down payment of less than 20%, you may be required to make monthly mortgage insurance payments. Back to the top
The cash difference between the sale price and the loan amount which is the portion of price which the buyer pays before moving in. Often, the down payment is expressed as a percentage of the total purchase price, typically between 3%-20%. If you have never owned a home before, the payment often comes from personal savings, 401K program, or other source. If you are selling one home in order to buy another, then your down payment usually comes from the equity in your current home. In addition to the down payment, there are usually other costs and fees called closing costs which the buyers needs to pay before moving in.
Usually 10-20 percent of the sales price (on conventional loans) paid by the buyer at the time of purchase. Comprises the difference between the purchase price and the mortgaged amount.
The purchase price minus the ammount of the mortgage
The amount of cash a buyer is required to pay up front in order to purchase a piece of property. It is equal to the purchase price minus the amount of any mortgage loans used to finance the purchase.
The difference between the sales price of real estate and the mortgage amount.
The portion of a home's purchase price the buyer pays in cash.
In a home purchase, the up front cash amount you must pay that equals the difference between the purchase price and the mortgage amount.
A portion of the sales price paid by a buyer to a seller to close a sales transaction, with the understanding that the balance will be paid later.
the amount of money put down by the purchaser toward a house purchase. It usually represents the difference between the purchase price of the house, and the amount of the mortgage loan.
The part of the purchase price of a home which the buyer pays in cash up front; not included in the loan.
A difference between the sale price of real estate and the mortgage loan amount.
is an up front cash payment made for property purchase. With a 20% of the property value you can usually get the best mortgage programs, however, the larger the down payment the better the program. quity is the difference between the market value of a real property and the amount the borrower owes. scrow a neutral third party that holds important documents and money prior to the close of the transaction.
The difference between the sales price and the mortgage amount; usually paid at closing
Cash paid by the home buyer towards the partial payment of a home's sales price.
This is the amount of cash that is put down to secure a loan. This can be an amount of between 10 to 20% of the total loan amount. This is not a requirement with most loans.
The difference between the purchase price and the loan amount. Paid by the buyer.
The amount of money paid by the purchaser to the seller at the signing of the agreement of sale. The agreement of sale refers to the down payment amount and will acknowledge the receipt of the down payment. Down payment is the difference between the sales price and mortgage amount. In most cases the down payment will not be refundable if the purchaser fails to buy the property without good cause. If the seller cannot deliver good title, the agreement of sale usually requires the seller to return the down payment and to pay the interest and expenses incurred by the purchaser.
A payment that reduces the amount of a vehicle's purchase price that a customer must finance.
The portion of the purchase price that the buyer pays in cash and does not finance with a mortgage. So the larger your down payment, the less you'll need to borrow and the smaller your mortgage payments will be. Down payments may be as small as three percent of the purchase price. But lenders often view mortgages with larger down payments as more secure because more of the owner's money is invested in the property.
Down payment is the difference between the sales price and the mortgage amount. The agreement of sale will refer to the down payment amount and will acknowledge receipt of the down payment. The down payment may not be refundable if the purchaser fails to buy the property without good cause. If the purchaser wants the down payment to be refundable, he should insert a clause in the agreement of sale specifying the conditions under which the deposit will be refunded, if the agreement does not already contain such a clause. If the seller cannot deliver good title, the agreement of sale usually requires the seller to return the down payment and to pay interest and expenses incurred by the purchaser.
The part of the purchase price paid by a buyer from his/her own funds to make up the difference between the purchase price and the loan amount.
The amount of money (in the form of cash) put forward by the buyer toward the purchase price of a home.
The amount of money a buyer agrees to give the seller when a sales agreement is signed. Complete financing is later secured with a lender.
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, and is traditionally 10 to 20 percent of the purchase price, although many loans are now available with smaller down payments.
Amount of money a buyer intends to pay toward purchase of a home. This amount does not include closing costs, escrows, or reserves. Usually in 5% increments of the sales price.
An amount of money the buyer pays which is the difference between the purchase price and the mortgage amount.
The down payment is the percentage of the purchase price that the buyer must pay in cash and may not borrow from the lender. The down payment amount, in addition to the mortgage, equals the purchase price of a property.
the portion of the property price that is not financed, but paid by the buyer in cash
an amount of cash payment that is used to purchase a home. The down payment amount serves as a percentage of the purchase price, and in addition to the mortgage, equals the total purchase of the home.
Money paid by a buyer from his own funds, as opposed to that portion of the purchase price which is financed.
The portion of the purchase price which a buyer pays before moving in. Often, the down payment is expressed as a percentage of the total purchase price, typically between 3% and 20%. If you have never owned a home before, your down payment often comes from personal savings, an employer-sponsored 401K program, or other source. If you are selling one home in order to buy another, then your down payment usually comes from the equity in your current home. In addition to the down payment, there are usually other costs and fees called closing costs which a buyer needs to pay before moving in.
The cash that a buyer puts down to buy a home and does not finance with a mortgage.
The amount of money you pay in cash toward the purchase of your Car (usually 10 to 20 percent). A down payment may not always be required.
The amount of money put down in cash, not financed by a lender, when a buyer purchases a property. The larger the down payment, the better deal one can negotiate on their mortgage.
The amount of cash paid by a buyer which, added to the mortgage amount, equals the total sales price. At the time of closing this is referred to as equity.
the part of the purchase price which the buyer pays in cash and dose not finance with a mortgage.
Money paid up front, before the loan is given.
The portion of the home purchase price which the buyer pays in cash and does not finance with a mortgage.
The amount of money paid on a home that comes out of the buyer's pocket and is not covered by the loan amount. For example in a conventional 80% LTV loan, the loan would be for 80% of the sale price and the down payment would be the other 20% paid directly by the buyer.
A sum of money paid at the beginning of a lease contract, usually at the time of signing, that is applied to the final purchase price. In leasing, the down payment is referred to as the capitalized cost reduction. Typically, the larger the down payment, the smaller the lease payment.
(Loan based) The up-front payment that reduces the principal amount of the loan from what it would have otherwise been. "The term is sometimes erroneously applied to a significant up-front payment in a lease, particularly in connection with a consumer vehicle lease, but such a payment is more accurately a capital cost reduction
This is the amount the lessee may decide to put down to reduce the capital cost of the vehicle, which in turn reduces the monthly payment. Don't confuse this with the Drive-away amount ( described below ).
A cash payment or trade-in that reduces the amount of the purchase price and amount the buyer must finance.
The amount of money paid at the execution of a mortgage or a land contract. This lump sum of money is subtracted directly from the original sales price. The remaining principal balance then begins to accrue interest at the specified interest rate. First Mortgage A real estate loan that creates a primary lien against real property.
Amount paid by the consumer in cash or trade-in value in order to obtain an auto loan to finance the remainder of the purchase price [] Escrow A process handled by an third-party, fiduciary agent that involves depositing and disbursing funds for buyer and seller in a neutral account. The escrow agent's role is to protect either side of a transaction from the other side's unauthorized use of funds and to ensure an arms-length transaction between buyer and seller. [] Gap protection Insurance that covers the amount owed due to early termination of a lease agreement. Such early termination may occur when a car is stolen or seriously damaged in an accident. However, the auto insurer's payment may not be enough to pay off the lease balance and any early-termination penalties.
Any cash you give the dealer or lessor to reduce the capitalized cost of the vehicle. See cap cost reduction.
A portion of the price of a home, usually between 3-20%, not borrowed and paid up front.
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 home's value, since lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price. (Note, however, that FHA and VA loans have different policies regarding insurance.)
Down payment is the certain percentage of the sum payable by borrower against the auto loans. Larger down payment will secure larger auto loan.
Usually between 10 and 20 percent, the down payment often demonstrates the borrower's commitment to the property and to "make good" on the mortgage. It is the difference between the sales price and the amount of the mortgage.
The portion of a property’s purchase price paid for in cash or other consideration by its buyer. A shortfall between the purchase price and down payment amount is an amount that needs to be financed.
A percentage of the purchase price that a buyer must pay to the seller and which may not be borrowed from a financial institution.
A partial payment made at the time of purchase or when a loan originates with the balance to be paid later. First-time home buyers are allowed to put as little as 5% down when purchasing a property.
The amount of money or trade-in value being used to reduce the total amount financed.
the amount of money, in cash, the buyer pays towards the purchase price of the property, to make up the difference between the sale price and the mortgage amount.
The portion of a property's purchase price that buyers must pay up-front with their own money. Lenders prefer that you make at least a 20% down payment when buying a home. This amount serves to protect the lender in case you can't make payments (default) on your loan. If you can't make the 20% cash down payment, and most first-time buyers can't, there are financing options that can cut down the amount. Three common choices are: (1) private mortgage insurance, where you pay a fixed monthly premium in return for a lower down payment (2) government-insured loans that let you put down less, but limit how much you can borrow and (3) piggyback loans, which require a 10% down payment. You get 2 loans, one for 80% of the purchase price and the other, usually at higher rate, for 10% of the purchase price.
The difference between the loan amount and the purchase price; usually paid immediately upon purchase in the form of cash or trade-in value.
The cash that the borrower put into a purchase.
The cash portion of the purchase price, the difference between the sales price and the initial mortgage amount.
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 downpayment. downpayment. is the difference between the sales price and maximum mortgage amount. The downpayment. may not be refundable if the purchaser fails to buy the property without good cause. If the purchaser wants the downpayment. to be refundable, he should insert a clause in the agreement of sale specifying the conditions under which the deposit will be refunded, if the agreement does not already contain such clause. If the seller cannot deliver good title, the agreement of sale usually requires the seller to return the downpayment. and to pay interest and expenses incurred by the purchaser.
The part of the purchase price of a property that the buyer pays in as part of the purchase process.
An initial amount paid to reduce the amount financed.
A lump sum the buyer pays at closing. The amount varies according to the price of the home and the requirements of the lender or underwriting agency.
Money paid for a house from one's own funds at closing. The down payment will be the amount of the difference between the purchase price and mortgage amount.
Cash to be paid by the buyer at closing to complete a real estate transaction. arnest Money Cash to be paid by the buyer at closing.
The initial monetary amount paid at the time of closing a mortgage.
The portion of the purchase price of a property that the borrower will be paying in cash rather than included in the mortgage amount.
An initial, partial payment on a purchase.
The difference between the financed portion of the purchase price and the purchase price. This is normally paid by the purchaser.
Money paid by the borrower that makes up the difference between the purchase price and the mortgage loan. This usually amounts to ten to twenty percent of the purchase price for most conventional mortgages.
the portion of a home's purchase price that is paid in cash and is not part of the mortgage loan.
Money paid as part of the purchase price not to be included in the loan amount.
(known in Britain as Deposit) The agreed percentage of the purchase price a buyer pays, in cash, at the time the property transaction closes. ('Completes')
Amount in cash of the purchase price that a buyer applies toward the purchase of a property.
The part of the purchase price which the buyer pays in cash and does not finance with a loan.
The amount a buyer pays, in cash, and is the difference between the purchase price and the amount financed by a lender.
The amount of the purchase price of a property paid in cash (i.e. not financed with a mortgage) that is required to secure the property; typically 20
A portion of the sales price paid to the seller by the homebuyer to close the sales transaction. Also, the difference between the sales price and the home mortgage amount.
The term "down payment" is used in the context of large, expensive purchases, such as those of cars and houses, whereby a loan is required to make the full payment.