Down Payment Calculator –
Find the Right Amount
See your down payment amount, loan size, whether you'll pay PMI, and your estimated monthly payment — plus how long it will take to save.
Down Payment Calculator
Enter your home price and down payment to see your loan size, PMI, and monthly payment.
Monthly Costs & Savings Goal
Estimates only. PMI rates and minimum down payments vary by lender, credit score, and property type. Does not include closing costs paid separately at signing.
Estimated Monthly Payment Breakdown
| Item | Monthly Amount |
|---|---|
| Click Calculate Down Payment to generate the breakdown. | |
How to Use the Down Payment Calculator
Find the down payment that fits your budget in under a minute.
Enter Home Price
Input the purchase price of the home you're considering.
Adjust the Slider
Drag the down payment slider to see how the amount, loan size, and PMI change.
Add Loan Details
Choose your loan type, rate, and term to estimate your full monthly payment.
Check Your Timeline
Enter your current savings and monthly savings rate to see how long it'll take.
How Much Should You Put Down?
There's no single right answer — it depends on your loan program, budget, and goals.
Putting 20% down on a conventional loan avoids private mortgage insurance entirely, lowering your monthly payment.
Many conventional and FHA programs allow as little as 3–3.5% down, getting you into a home sooner with less saved.
VA loans for eligible veterans and USDA loans for eligible rural areas can eliminate the down payment requirement entirely.
A moderate down payment lowers your PMI rate and monthly payment without depleting all of your cash reserves.
Even if you can afford a large down payment, keeping 3–6 months of expenses in reserve protects you after closing.
Family gift funds and local down payment assistance programs can help you reach your target faster.
Minimum Down Payment by Loan Type
Typical minimums for common loan programs. Actual requirements vary by lender and credit profile.
| Loan Type | Typical Minimum Down | PMI / Insurance? | Best For |
|---|---|---|---|
| Conventional | 3% – 5% | PMI if < 20% down | Buyers with good credit and steady income |
| FHA | 3.5% | Mortgage insurance premium (MIP), often for the life of the loan | First-time buyers or lower credit scores |
| VA | 0% | Funding fee instead of PMI | Eligible veterans and service members |
| USDA | 0% | Guarantee fee instead of PMI | Eligible rural and suburban properties |
Frequently Asked Questions
Everything you need to know about down payments and PMI.
How much should I put down on a house?
What is PMI and when do I have to pay it?
Can I buy a house with no down payment?
Does a bigger down payment always save money?
Can I use gift funds or down payment assistance?
Is the down payment the same as closing costs?
Why Use Our Down Payment Calculator?
Built for buyers who want to know exactly what they need to save.
Real-Time Results
Every figure updates instantly as you type or drag the slider.
PMI-Aware
Automatically flags when you'll owe PMI and estimates the added monthly cost.
Savings Timeline
See exactly how many months it'll take to reach your down payment goal.
Full Payment Breakdown
Principal, interest, tax, insurance, PMI, and HOA — all itemized in one view.
100% Private
Your details never leave your browser. Nothing is stored or uploaded.
Free Forever
No subscriptions, no trials, no limits — unlimited calculations at no cost.
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