Homeownership can be challenging for a first-time homebuyer. Understanding the down payment requirements is part of the process.   Knowing how much money you should put down as a first-time homebuyer helps simplify the process. The following information can help.   What Is a Down Payment on a Home? A down payment is the money you pay up front to purchase a home. This amount is typically calculated as a percentage of the home’s total purchase price, with the remaining cost fin