down payment
noun
: a part of the full price paid at the time of purchase or delivery with the balance to be paid later
broadly
: the first step in a process
Examples of down payment in a Sentence
She made a 10 percent down payment on the car.
We put a down payment on the house.
Recent Examples on the Web
However, these are just the averages — borrowers with strong credit profiles, lower debt-to-income ratios and larger down payments may be able to secure offers below these figures.
—
Angelica Leicht, CBS News, 6 Apr. 2026
On a $400,000 home near downtown Dallas, for example, factoring in a 20% down payment and a 30-year mortgage at 6%, the buyer’s monthly payment would be about $2,248.
—Alex Veiga, Fortune, 4 Apr. 2026
For example, on a $450,000 home with a 20% down payment, a buyer who locked in a 30-year mortgage in February would pay about $1,346 less per year than someone securing a loan this week.
—Samantha Delouya, CNN Money, 2 Apr. 2026
City residents who make 50% to 80% of the area median income are eligible additional financial support for down payments or closing costs, the city said, and the program is not strictly limited to first-time homeowners.
—Hali Smith, Idaho Statesman, 1 Apr. 2026
See All Example Sentences for down payment
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Angelica Leicht, CBS News, 6 Apr. 2026
On a $400,000 home near downtown Dallas, for example, factoring in a 20% down payment and a 30-year mortgage at 6%, the buyer’s monthly payment would be about $2,248.
—Alex Veiga, Fortune, 4 Apr. 2026
For example, on a $450,000 home with a 20% down payment, a buyer who locked in a 30-year mortgage in February would pay about $1,346 less per year than someone securing a loan this week.
—Samantha Delouya, CNN Money, 2 Apr. 2026
City residents who make 50% to 80% of the area median income are eligible additional financial support for down payments or closing costs, the city said, and the program is not strictly limited to first-time homeowners.
—Hali Smith, Idaho Statesman, 1 Apr. 2026
See All Example Sentences for down payment
Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 7 Apr. 2026.
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