Down Payment Calculator
How much deposit you need and when.
Enter your values
Results update instantly as you type — no submit needed.
Results
- Down payment needed
- $80,000.00
- Still to save
- $55,000.00
- Months to reach it
- 37
- Loan amount
- $320,000.00
- PMI likely?
- No
Quick answer
A 20% down payment avoids mortgage insurance, but many loan programs allow 3–5% with PMI added to the payment.
How to use the Down Payment Calculator
- 1Enter the target home price.
- 2Choose your down payment percentage.
- 3Enter savings so far and your monthly contribution.
Frequently asked questions
Is 20% required?
No. FHA allows 3.5% and many conventional loans allow 3%, with PMI.
Do closing costs come out of the down payment?
No, they are additional — budget 2–5% more.