Down Payment Calculator
Calculate home down payment, affordable home price based on savings, or cash needed for closing costs
Calculate with Down Payment Calculator
Calculation Mode
Home Details
Loan Details
Result Interpretation
Keep separate reserves for inspections, moving costs, utility deposits, repairs, and emergency savings; those are not included in the down payment result.
Down Payment Comparison
| Down Payment % | Down Payment | Total Cash | Loan Amount | Monthly Payment | PMI |
|---|---|---|---|---|---|
| 3.5%(FHA min) | $17,500 | $32,500 | $482,500 | $3,050 | Yes |
| 5% | $25,000 | $40,000 | $475,000 | $3,002 | Yes |
| 10% | $50,000 | $65,000 | $450,000 | $2,844 | Yes |
| 20%(No PMI) | $100,000 | $115,000 | $400,000 | $2,528 | No |
| 25% | $125,000 | $140,000 | $375,000 | $2,370 | No |
Assumptions
Use Down Payment Calculator for housing-cost and ownership planning when you need a clear estimate, transparent inputs, and a result you can review before taking the next step.
Worked example
When To Use Down Payment Calculator
- Start with a representative scenario in Down Payment Calculator so rates, dates, balances, or other key assumptions match the question you are comparing.
- Review whether the estimate matches the planning scenario before you use it for a budget, plan, or discussion.
Sample Input And Output Checks
- Start with inputs that match the real scenario, not only a rounded placeholder.
- Review home price, rent growth, closing costs, property tax, insurance, and time horizon before trusting the output.
- Confirm lender quotes, tax bills, HOA terms, and local market assumptions before using an estimate for a real housing decision.
About This Tool
This down payment calculator helps plan the cash side of a home purchase. Use it to work backward from savings, start with a target home price, or combine a known price with available cash to estimate the down payment percentage, closing costs, loan amount, and monthly principal-and-interest estimate.
What the Cash Result Includes
The total cash figure combines the down payment and the closing cost percentage you enter. It does not include inspections, moving expenses, utility deposits, repairs after closing, or emergency reserves. Keep those outside the calculator result so the purchase does not consume every available dollar.
Using the 20% Reference Point
The interpretation panel shows the loan-to-value ratio and how much additional cash would reach a 20% down payment. That threshold is useful for conventional PMI planning, but it is not the only valid path. FHA, VA, lender-specific conventional programs, and down payment assistance can use different rules and costs.
Compare Monthly Payment and Upfront Cash
A larger down payment usually lowers the loan amount and monthly payment, but it also reduces cash reserves. Use the comparison table to test whether the lower payment is worth the extra upfront cash for your situation.