Down Payment Calculator

What is Down Payment Calculator?

A down payment calculator helps homebuyers explore different down payment scenarios. Enter the home price and see how various down payment percentages affect your loan amount, monthly mortgage payment, and whether you'll need private mortgage insurance (PMI).

How to use

1. Enter the home purchase price and your target down payment percentage (e.g., 5%, 10%, 20%).
2. View the down payment amount in dollars, remaining loan balance, and estimated monthly payment.
3. Compare multiple scenarios side by side to find the right balance between upfront cost and monthly payment.

Result

For a $400,000 home: 5% down = $20,000 (loan: $380K, PMI required), 10% down = $40,000 (loan: $360K), 20% down = $80,000 (loan: $320K, no PMI). At 6.5% interest over 30 years.

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