Down Payment Calculator
Upfront down payment and remaining loan amount from home price and percentage.
Best for: Use it when budgeting to buy, comparing how different down payments change the loan, or checking if you can reach a threshold like 20%.
Purpose: Upfront down payment and remaining loan amount from home price and percentage.
Input
Result
EstimateDown payment
$60,000
What to do next
Next: SSI Payment CalculatorMore about this result
- Type
- Industry Standard
- Method
- Industry-standard method
- Confidence
- High
Uses the standard formula and conventions the industry relies on.
Explore scenarios
- Down payment %· Most impactful— 10%→25%
The down payment is the cash you need at closing; the loan is what you borrow. Putting more down shrinks the loan and the lifetime interest, and may avoid private mortgage insurance.
- Inflation often matters more than expected over the long run.
- Small rate changes can significantly affect total outcomes.
- Long-term consistency usually beats short-term timing.
Small, consistent changes compound: time in the market usually beats timing the market.
How it's calculated & sources
Free & no sign-up · runs entirely in your browser. Results are estimates for general information, not professional advice — verify important decisions with a qualified expert. Last reviewed June 2026.
How it works
Down payment = Price × Percent ÷ 100; Loan = Price − Down payment. A bigger down payment lowers the loan, the monthly payment and total interest.
Example
A $300,000 home at 20% down = $60,000 down payment and a $240,000 loan (and no PMI on a conventional loan).
Frequently asked questions
How much should I put down?+
On U.S. conventional mortgages, 20% down typically avoids private mortgage insurance (PMI). Many loans allow far less — FHA from 3.5% — but a smaller down payment means a larger loan and usually PMI.
Does this include closing costs?+
No — closing costs are separate and on top of the down payment. Budget for both, and keep an emergency fund rather than draining savings for a larger down payment.
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