Down Payment Calculator
Down Payment Amount
Calculate down payment and its effect on your mortgage
$
%
%
Formula
Down Payment = Home Price × Down Payment % | Loan = Home Price - Down Payment
Frequently Asked Questions
How much down payment do I need for a house?
Conventional loans typically require 3-20%. FHA loans require 3.5%. VA and USDA loans may require 0%. Putting down 20% avoids PMI and gives you better rates.
What is PMI?
Private Mortgage Insurance (PMI) protects the lender if you default. It's required when down payment is less than 20%. PMI typically costs 0.3-1.5% of the loan amount annually and can be removed once you reach 20% equity.
You may also need
$
Mortgage Calculator
Free mortgage calculator. Estimate monthly mortgage payments, total interest, and amortization for your home loan. Compare different rates and terms.
Finance$
Loan Calculator
Free loan calculator. Calculate monthly payments, total interest, and payoff schedule for any loan — car, personal, or student loans.
Finance$
Savings Goal Calculator
Free savings goal calculator. Calculate how much to save each month to reach your financial goal. Plan for a house, car, vacation, or emergency fund.
Finance