The minimum down payment will be 5% if your purchase price is $500,000 or under.
If your purchase price is over $500,000 but less than $1,000,000, the minimum down payment will be 5% on the first $500,000, and 10% on the remainder. For any purchase with less than 20% down payment, an insurance premium will be added to the mortgage.
If your purchase price is $1,000,000 or higher, the minimum down payment will be 20% and there will be no insurance premium added to the mortgage.