Down Payment Calculator
Calculate your down payment and loan amount.
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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
- 01Enter your home price and down payment percentage.
- 02Read the result instantly — it recalculates as you type.
- 03Adjust 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.