Down Payment Calculator

The 3 down payment calculators below are designed for different situations in down payment calculation.

Know the Down Payment Amount

If you know the amount of cash you can put into a home purchase, use the calculator below to evaluate the upper limit of the home price and the related costs.

Cash to Put In$
Down Payment %
Interest Rate %
Loan Term years

Home Price: $217,391


Home Price$217,391
Down Payment$43,478
Closing Cost$6,522
Loan Amount$173,913
Monthly Payback$827


Know the Home Price

If you know the price of the home to purchase, use the calculator below to evaluate the down payment amount needed and the related costs.

Home Price$
Down Payment %
Interest Rate %
Loan Term years

Cash Needed: $46,000


Down Payment$40,000
Closing Cost$6,000
Down Payment + Closing Cost$46,000
Loan Amount$160,000
Monthly Payback$761


Know the Down Payment Amount and Home Price

If you know the amount of cash you can put into a home purchase and know the home price, use the calculator below to evaluate the down payment percentage and the related costs.

Home Price$
Cash to Put In$
Interest Rate %
Loan Term years

Down Payment: 22.0%


Down Payment$44,000
Down Payment Percentage22.0%
Closing Cost$6,000
Loan Amount$156,000
Monthly Payback$742

RelatedMortgage Calculator | House Affordability Calculator

In home purchase, down payment is the upfront portion of the total purchase price, usually given in cash in the transaction. The main purpose is to lower the risk for the lenders. In the United States, many traditional mortgage lenders request a down payment of 20% or more. Some lenders may lower it to 10%, 15%, or even 5%. However, they typically will ask the borrowers to purchase Private Mortgage Insurance (PMI) to protect the mortgage lenders. To help low income buyers, the U.S. Federal Housing Administration (FHA) provide insurance to primary residence home buyers so that they can purchase with a down payment percentage as low as 3.5%. Also, in U.S., the Department of Veterans Affairs (VA) can guarantee the 0% or above down payment home mortgage loans for veterans or active service members. Both the FHA loan and VA loan have fees involved.

In home purchase, besides down payment, cash is also needed elsewhere. For example, upfront points of mortgage loan, home insurance, lender's title insurance, inspection fee, appraisal fee, survey fee, etc. All these together can take a few percentage of the home price. Home buyers need to have these cash cost in planning when purchasing home.