Down Payment Calculator
Create savings plan for home down payment
How to Use
Enter target home price
Input the price of the home you want to buy.
Choose down payment percentage
Select your target down payment (3.5%, 10%, 20%, etc.).
Enter current savings
Input how much you have already saved for your down payment.
Set monthly contribution
Enter how much you can save each month toward your goal.
View timeline
See how long it will take to reach your down payment goal.
Frequently Asked Questions
How much down payment do I need?
Conventional loans typically require 3-20% down. 20% avoids PMI. FHA loans allow as little as 3.5% down.
Is a larger down payment better?
Larger down payments mean lower monthly payments, no PMI, and more equity. But don't drain your emergency fund.
How long should I save for a down payment?
It depends on your savings rate and target. Our calculator shows your timeline based on monthly contributions.
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