I'm considering a $10,000 early withdrawal from my 401K for downpayment on a house. How much will this cost me in taxes and fees?

I live in Texas (no state income tax) and make about $125,000/year. Married filing jointly. 4 kids.

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I'm considering a $10,000 early withdrawal from my 401K for downpayment on a house. How much will this cost me in taxes and fees?

You will owe federal taxes at your regular rate 15% or more + the 10% penalty if you are under the age of 59.5.

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