Comparing 10% vs 20% Down Jumbo Loans in Washington
Q: Should I put 10% or 20% down on a jumbo loan?
A: It depends on your goals. A 10% down jumbo loan lets you buy sooner with less upfront cash, while a 20% down jumbo loan eliminates PMI and provides the lowest monthly payment. Both options are common for Washington’s luxury homebuyers.
In Washington State—especially in King County and Seattle—jumbo loans are essential for financing high-value homes. The two most common down payment strategies are 10% and 20%. Here’s how they compare so you can choose the best fit.
10% Down Jumbo Loan
- Buy a high-value home sooner
- Lower upfront cash requirement
- PMI or stricter requirements may apply
- Preserves more liquidity after closing
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20% Down Jumbo Loan
- No PMI required
- Lowest monthly payment
- Strongest offer competitiveness
- Maximizes long-term equity position
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How to Decide Between 10% vs 20%
For many Washington buyers, the choice comes down to three questions:
- Do you want to buy sooner? — 10% down gets you in faster.
- Do you want the lowest monthly cost? — 20% down eliminates PMI.
- Do you want to keep more savings intact? — 10% down preserves liquidity.
Both options are viable in markets like Seattle, Bellevue, and King County. The right path depends on your financial profile and goals.
Whether you choose 10% or 20%, jumbo loans make Washington’s high-value properties accessible. A pre-approval can help you understand which path fits best for your budget and lifestyle.
Compare Jumbo Loan Options & Get Pre-Approved