Down Payment Calculator

Plan your home purchase with confidence using our down payment calculator

Start Calculating

Choose Your Down Payment Strategy

Home Purchase Details

All fields marked with * are required

Home Price ($) *

Down Payment (%) *

Loan Term (Years) *

Interest Rate (%) *

Additional Costs Include additional home purchase costs

Payment Summary

Down Payment

Monthly Payment

Total Cost

Interest Paid

Monthly Payment Breakdown

Loan Amortization

Amortization Schedule

Year	Principal Paid	Interest Paid	Remaining Balance	Total Interest Paid

Cost Breakdown

Cost Type	Amount	Percentage

About

About This Calculator

Our Down Payment Calculator is a comprehensive tool designed to help you plan your home purchase. Whether you're a first-time homebuyer or looking to upgrade, this calculator provides valuable insights into your mortgage payments and associated costs.

Key Features

Multiple loan term options
PMI calculation for low down payments
Property tax and insurance estimates
Detailed cost breakdown

How It Helps

Plan your home purchase budget
Estimate monthly payments
Compare different scenarios
Understand total costs

Frequently Asked Questions

How does the Down Payment Calculator work?

Our Down Payment Calculator estimates the amount you need to pay upfront for a purchase, such as a home or car, based on the total cost, loan amount, and percentage you input. It calculates the down payment and shows how it affects your financing.

What factors influence my down payment?

Your down payment is affected by the purchase price, the percentage required by the lender (e.g., 10% or 20%), your budget, and any additional costs like taxes or fees. The calculator lets you adjust these to see the impact.

Why is a down payment important?

A down payment reduces the loan amount you need to borrow, lowers your monthly payments, and may help you secure better loan terms. It also shows lenders your financial commitment to the purchase.

What’s a typical down payment percentage?

A common down payment is 20% of the purchase price, but it varies—5% to 10% is typical for some loans, while others may require more or less. Use the calculator to test different percentages.

Can I include closing costs in the calculator?

Some versions of our Down Payment Calculator allow you to add closing costs or other fees to see the total upfront cost. Check the specific calculator options or adjust the purchase price to include them manually.

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Down Payment Calculator

Choose Your Down Payment Strategy

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