Down Payment Calculator
Find out exactly how much cash you need to buy a home. Enter the home price, your desired down payment percentage, and estimated closing costs to see a full breakdown of upfront expenses.
How to Use
Enter the home purchase price, your down payment percentage (commonly 3%, 5%, 10%, or 20%), and the estimated closing cost percentage (typically 2-5% of the home price). Click calculate to see your down payment amount, closing costs, total cash needed, and loan amount.
Formula
Down Payment = Home Price × Down Payment %
Closing Costs = Home Price × Closing Cost %
Total Cash Needed = Down Payment + Closing Costs
Loan Amount = Home Price - Down Payment
A 20% down payment typically avoids private mortgage insurance (PMI). Closing costs usually range from 2-5% and include appraisal, inspection, title insurance, and lender fees.