Home down payment calculator
Down Payment Calculator
Estimate how much money you may need for a home down payment and how much of the purchase price may be financed.
Common down payment examples
For a $400,000 home, common down payment examples may look like this:
- 5% down: $20000.00
- 10% down: $40000.00
- 20% down: $80000.00
How this down payment calculator works
This calculator multiplies the home price by the selected down payment percentage to estimate the upfront amount paid toward the purchase. It also estimates the remaining loan amount after the down payment.
Why down payment matters
A larger down payment reduces the loan amount. This may lower the monthly mortgage payment, reduce interest paid over time and may help some buyers avoid private mortgage insurance.
Is 20% down required?
Many buyers use 20% as a traditional benchmark, but some mortgage programs may allow lower down payments. Actual requirements depend on lender rules, loan type, credit profile and other factors.
Down payment and affordability
The down payment can affect how much home you may be able to afford. A larger upfront payment usually lowers the amount that needs to be financed.
Important note
This calculator provides simplified educational estimates only. It is not mortgage, lending, tax or financial advice.