Down Payment Calculator
Enter the information you have for down Payment in the Down Payment. The explanation below the tool helps you check the method and its limits.
Cash for the down payment
—
Loan amount —
PMI status —
At 20% you would need —
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How it works
Down payment = price × %; loan = price − down paymentHow to use the Down Payment
Enter the requested values and start with one realistic example. Read the result together with its unit or label, then change one input at a time if you want to compare options.
Use the result as a planning estimate. Rates, fees, rules and personal circumstances can change the final figure.
Frequently Asked Questions
How much down payment do I need for a house?
Conventional loans go as low as 3–5% down, FHA 3.5%, VA/USDA 0% for eligible buyers. 20% avoids private mortgage insurance (PMI), which typically costs 0.3–1.5% of the loan per year.
Is 20% down always best?
Not necessarily — if saving to 20% takes years while prices and rents rise, buying sooner with PMI can win. PMI also drops off automatically at 22% equity on conventional loans.
What other cash do I need at closing?
Closing costs add roughly 2–5% of the price on top of the down payment, plus moving costs and an emergency cushion.