Is it worth placing 20% down on our home? Second, you have to pay $5,000 of your own deposit in the earnest money in improve. The title providers or escrow broker retains brand new put until closure. $five hundred,000 = Cost $15,000 = Down payment, 3% of cost -$5,000 = Earnest currency, 1% paid in… Continue reading Is it worth placing 20% down on our home?