Down Payment Calculator
Calculate your down payment and loan amount.
About the Down Payment Calculator
See exactly how much cash you need up front. Enter the home price and the down payment percentage (20% avoids PMI on a conventional loan; FHA can go as low as 3.5%) and the calculator returns your down payment in dollars and the remaining loan amount. It's a quick way to set a savings goal or compare how 10% vs 20% down changes what you'll need to borrow.
How to use the Down Payment Calculator
- 1Enter your home price and down payment percentage.
- 2Read the result instantly — it recalculates as you type.
- 3Adjust the numbers to model different scenarios.
Frequently asked questions
How much should I put down on a house?
20% avoids private mortgage insurance on conventional loans, but many buyers put down less. FHA loans allow 3.5%; VA loans can be 0%.
What is PMI?
Private mortgage insurance is an extra monthly cost lenders require when your down payment is under 20% on a conventional loan. It drops off once you reach ~20% equity.
Does a bigger down payment lower my payment?
Yes — it reduces the loan amount and therefore the monthly principal and interest, and can also secure a better rate.