Down Payment Calculator

Plan your home purchase · Calculate down payment, savings goals, and affordability

Smart Home Buying Assistant
Down Payment Details
Home Price ($)
Down Payment (%)
OR Enter Down Payment Amount ($)
20% down payment helps avoid PMI (Private Mortgage Insurance). Minimum down payment varies by loan type (3% for FHA, 0% for VA, 3-5% for conventional)
Your Down Payment Analysis
Loan Details
PMI Status
No PMI Required
20% or more down payment eliminates PMI
Savings Goal Calculator
Target Timeline (Years)
Expected Return Rate (%)
Current Savings ($)
Monthly Contribution ($)
Savings Projection
Down Payment Scenarios
Down Payment Required
Know exactly how much you need for your dream home
PMI Calculator
See if you'll need Private Mortgage Insurance
Savings Goals
Plan how much to save monthly to reach your goal

Frequently Asked Questions

What is the minimum down payment for a house?
Minimum down payment varies by loan type: Conventional loans: 3-5%, FHA loans: 3.5%, VA loans: 0% for veterans, USDA loans: 0% for rural properties.
What is PMI and when do I need it?
Private Mortgage Insurance (PMI) is required when your down payment is less than 20%. It protects the lender if you default. PMI typically costs 0.5-1% of the loan amount annually.
Should I put 20% down?
A 20% down payment helps you avoid PMI, get better interest rates, and have lower monthly payments. However, putting less down allows you to buy sooner and keep cash for emergencies.
What closing costs should I expect?
Closing costs typically range from 2-5% of the home price and include loan origination fees, appraisal, title insurance, attorney fees, and prepaid taxes/insurance.
Can I use gift money for down payment?
Yes, most lenders allow gift funds from family members for your down payment. You'll need a gift letter documenting that the money doesn't need to be repaid.
How much house can I afford?
Most experts recommend spending no more than 28% of your gross monthly income on housing costs and 36% on total debt. Use this calculator to determine your down payment needs.
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Down Payment Calculator - Plan Your Home Purchase

Our Down Payment Calculator helps you determine exactly how much you need to save for your dream home. Calculate down payment amounts, see if you'll need PMI, and create a savings plan to reach your goal faster.

How it works: Enter your target home price and down payment percentage or amount. The calculator shows you the loan amount, whether you need PMI, and provides a savings projection to help you reach your down payment goal.

Perfect for: First-time home buyers, real estate investors, financial planners, and anyone planning to purchase a home. Understand the true cost of home ownership and plan your savings strategy.

Key features: PMI detection, savings goal calculator, multiple down payment scenarios, and detailed loan breakdown. Start planning your home purchase today!