Enter your numbers
Adjust any field and recalculate — figures are pre-filled with a typical example.
Results will appear here.
How it works
Formula & explanation
Down Payment Calculator uses the following calculation:
DownPayment = Price × Percentage%
This is a simplified model intended for planning and education. Real-world offers from lenders, institutions, or tax authorities may include additional fees, rules, or adjustments not reflected here.
FAQ
Frequently asked questions
What's a typical down payment percentage?
Conventional loans commonly range 5–20%, FHA as low as 3.5%, and some VA/USDA programs allow 0%.
Does a 20% down payment avoid mortgage insurance?
On conventional loans, yes — reaching 20% equity typically lets you avoid private mortgage insurance (PMI).
Should I use all my savings for a down payment?
Most advisors recommend keeping an emergency fund and moving costs in reserve rather than depleting all cash on the down payment.
Related