Down Payment Calculator
Calculate your down payment percentage, required down payment amount, and resulting loan amount.
How to use this tool
- Enter home price and down payment amount in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your down payment % and the full breakdown beneath it.
Your down payment percentage affects your loan amount, monthly payment, and whether you'll need Private Mortgage Insurance (PMI).
Frequently asked questions
- How much down payment do I need?
- Conventional loans typically require 5–20% down. FHA loans allow 3.5% down (with mortgage insurance). VA and USDA loans may require 0% down for eligible borrowers.
- What is PMI?
- Private Mortgage Insurance (PMI) is required when your down payment is less than 20% on a conventional loan. It protects the lender, not you. PMI typically costs 0.5–1.5% of the loan amount per year.