Down Payment Calculator
Work out the down payment on a home purchase in whichever direction you need. In percent mode, enter the property price and the percentage you plan to put down, and the calculator shows the down payment amount and the loan you would need to borrow for the rest. In savings mode, enter the price and the cash you have saved, and it tells you what percentage down that represents, which is handy for checking whether you clear common thresholds like five, ten or twenty percent. Reaching twenty percent typically lets you avoid private mortgage insurance, so seeing exactly where you stand helps you plan how much more to save. It works for any currency. Everything is computed instantly and locally in your browser.
How to use Down Payment Calculator
- Enter the home price.
- Enter your percent down or your savings.
- Read the down payment amount and the loan needed.
Frequently asked questions
How is the down payment amount found?
It multiplies the home price by your percent down to get the cash needed, and the rest becomes the loan amount.
Can it work backwards from my savings?
Yes. Enter the savings you have and it shows what percent down that represents and the loan you would need.
Why does the down payment matter?
A larger down payment lowers the loan amount and can help you avoid extra costs like mortgage insurance.
What is Down Payment Calculator?
Work out the down payment on a home purchase in whichever direction you need. In percent mode, enter the property price and the percentage you plan to put down, and the calculator shows the down payment amount and the loan you would need to borrow for the rest.
Is Down Payment Calculator free to use?
Yes. Down Payment Calculator is completely free, with no sign-up and no usage limits.
Does Down Payment Calculator work in a web browser?
Yes. Down Payment Calculator runs in any modern web browser. There is nothing to download or install.
Is my data private with Down Payment Calculator?
Yes. Down Payment Calculator runs entirely on your device in your browser, so nothing you enter is uploaded to a server.
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