How big of a down payment should I make on my home?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. MoneyWatch: Managing Your Money By Ben Geier Edited By Angelica Leicht December 22, 2023 / 10:36 AM EST / CBS News Buying a house is a big decision comprised of numerous smaller decisions, like where to buy, which mortgage company to use and how much you are willing to spend on your home. But one of the most important decisions you'll make is how big of a down payment to put down on your home.While conventional wisdom says that it's smart to put down 20% of the home's value, that isn't always the right move. The amount of your down payment will have several ripple effects, though, so it's important to take the time and make an informed decision about how much money to put down.Ready to make a down payment and buy a new home? Start shopping for a mortgage online today.How big of a down payment should I make on my home?There are a lot of factors to consider when...