Down Payment Calculator

Use it when you want to test the exact inputs on this page: Estimate cash needed for a home purchase. Compare 20%, 10%, 5%, and 3.5% down payment scenarios. The result is a check against your assumptions, not proof that a lender, tax app, broker, platform, or provider will use the same number.

Home price means the purchase price you want to test before taxes, fees, or moving costs. Down payment amount means the exact cash you plan to put toward the price. If you fill this in, it overrides the percent field. Down payment percent means the percent of the price paid upfront when the exact dollar field is blank, such as 20 for 20% or 3.5 for 3.5%. Closing cost estimate means a rough percent of the home price for closing costs, kept separate from the down payment.

No. Down payment is the part of the home price you pay upfront. Cash to close is bigger because it can also include lender fees, title fees, prepaid taxes, insurance, escrow deposits, points, and other closing costs. This calculator estimates down payment plus a simple closing-cost percent.

Use the exact dollar field when you already know the cash amount, such as $50,000. Leave it blank when you want the calculator to use the percent field, such as 20% or 3.5%.

Loan-to-value, or LTV, is the estimated loan amount compared with the home price. A $320,000 loan on a $400,000 home is 80% LTV. Lower LTV usually means more cash down and less money borrowed.

Because buyers usually need more than the down payment at closing. CFPB and Fannie Mae explain that closing costs are paid in addition to the down payment, and early planning often uses a rough 2% to 5% range before a lender gives exact numbers.

In plain language: The calculator uses an exact down payment if entered. If that field is blank, it multiplies home price by the down payment percent. Then it subtracts the down payment from price for the loan amount, shows LTV, estimates closing costs from home price, and adds those costs to the down payment for estimated cash needed. If the result seems too high or too low, first check whether each field expects a monthly amount, annual amount, dollar value, or percent.

Start with the headline number, then use the supporting lines to see why the answer moved. For finance calculators, the extra lines often explain interest, tax, fees, principal, payment timing, or totals paid over time. Those pieces matter because two results can look close at first but cost very different amounts later.

This is an early planning estimate. It does not itemize lender fees, title fees, prepaid taxes, insurance, escrow deposits, discount points, inspections, moving costs, seller credits, down payment assistance, lender reserves, mortgage insurance, or the official Loan Estimate and Closing Disclosure. Real finance decisions can also depend on fees, timing, local rules, credit details, and provider-specific terms.

Check the rate, time period, compounding or payment frequency, and whether the value is before tax or after tax. A common mistake is mixing monthly and yearly numbers, which can make a finance answer look believable even when it is off by a lot.

No. Mortgage insurance depends on loan type, down payment, credit, lender rules, and the final loan amount. If you put less than 20% down on many conventional loans, mortgage insurance may be part of the monthly payment.

Yes. Seller credits, grants, gifts, assistance programs, and lender credits can change the cash you actually bring to closing. They also have rules, so check the written loan documents and program terms.

No. FHA loans may allow a down payment as low as 3.5% in many cases, but the full decision still depends on loan rules, credit, property, closing costs, mortgage insurance, and lender approval.

No. The calculator runs in your browser tab. Recent answers stay only on the page while you use it, and they are not sent to a server.