Down Payment Calculator
Calculate the down payment amount and resulting loan for any home price.
The down payment is the gatekeeper number in home buying: it determines the loan you'll need, whether you'll pay mortgage insurance, and often the interest rate you're offered. The traditional benchmark is 20%, but conventional loans go as low as 3–5% down (with private mortgage insurance) and government-backed programs lower still.
This calculator turns any home price and down payment percentage into the cash you'll need upfront and the loan amount you'll finance. Flip between 5%, 10% and 20% to see how the upfront requirement and the borrowed amount trade off — then feed the loan amount into the mortgage calculator for the monthly picture.
How to use Down Payment Calculator
- 1
Enter the home price
The purchase price you're considering.
- 2
Set the down payment percentage
Common tiers: 5%, 10%, 20%.
- 3
Read the results
Down payment cash needed and the loan amount to finance.
Features
- Instant down payment and loan amount for any price
- Easy comparison across percentage tiers
- Pairs with the mortgage calculator for monthly payments
Frequently asked questions
Common mistakes to avoid
- Draining savings entirely for the down payment and leaving no emergency buffer for repairs and moving costs.
- Comparing only monthly payments across down-payment tiers while ignoring PMI and total interest differences.
Get new tools in your inbox
One email a month with new tools, guides, and updates. No spam, unsubscribe anytime.