See your down payment, loan amount, and monthly payment. Down payment is capped by savings.
Down payment results
$80,000
This down payment calculator shows how much cash you will need upfront based on the home price and target percentage. It also estimates the resulting loan amount and approximate monthly payment, including taxes, insurance, and HOA fees when provided.
Buyers can use this tool to compare conventional, FHA, and low-down-payment options, or to set savings goals before entering the market. Agents can embed the calculator in buyer guides to help clients understand how down payment size impacts loan terms and affordability.
How much you should put down depends on your budget, loan options, and goals, but many buyers aim for 20% to avoid mortgage insurance while others use lower down payments to get into a home sooner. This calculator shows how different down payment percentages change your loan amount and monthly payment so you can choose a strategy that fits your finances. You can also check total affordability with our Affordability Calculator.
A larger down payment reduces your loan amount, which usually lowers your principal and interest payment and may remove mortgage insurance. A smaller down payment keeps more cash in your pocket but can increase your monthly costs. You can see this trade-off by adjusting the percentage here and then reviewing the payment breakdown in our Mortgage Calculator.
Yes, many loan programs allow down payments as low as 3–5% for qualified buyers, and some government-backed loans require even less. These programs may involve mortgage insurance or slightly higher rates, which this calculator helps you factor into your monthly payment. You can compare those payments against renting using our Rent vs Buy Calculator.
The time it takes to save depends on your target amount and how much you can set aside monthly; this calculator helps you see how different targets change your loan and payment. Once you pick a realistic down payment goal here, you can plug the resulting loan into the Mortgage Calculator to confirm that the payment still fits your budget.
Putting more savings into your down payment lowers your monthly housing cost but leaves you with less cash for emergencies, repairs, or other investments. The right balance depends on your risk tolerance and financial goals. You can test different down payment and payment combinations here, then see how they affect overall affordability with our Affordability Calculator.