Final answer:
The recommended percent for a down payment on a home is 20%. Making a 20% down payment can offer benefits like securing a better interest rate and reducing monthly payments.
Step-by-step explanation:
The recommended percent for a down payment on a home is 20%.
This means that if you are buying a home worth $200,000, you would need to make a down payment of $40,000, which is 20% of the total price.
A 20% down payment is often recommended because it can help you secure a better interest rate, reduce the amount of money you need to borrow, and lower your monthly mortgage payments.
Learn more about down payment on a home