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Finance Calculators
Down Payment Calculator
Calculate the dollar amount of a down payment from a target percentage of the home price, and the resulting loan amount.
Down payment amount
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Resulting loan amount
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About the Down Payment Calculator
A down payment is the upfront cash you pay toward a home's purchase price, with the remainder financed through a mortgage loan. A larger down payment usually means a smaller loan, lower monthly payments and can help you avoid private mortgage insurance (PMI).
Formula: Down Payment = Home Price × (Down Payment % ÷ 100) · Loan Amount = Home Price − Down Payment
Conventional loans often require 20% down to avoid PMI, though many loan programs allow much lower down payments.
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