Down Payment Calculator
Work out the down payment for a home price, and how long it will take to save it.
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Down payment
- Loan amount
- Loan-to-value
- Mortgage insurance
- Time to save
- Common down payments
- Work
Saved Calculations
Items you add are saved in this browser.
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How Much to Put Down
Down payment = price × down %; loan = price − down payment; LTV = loan ÷ price
Common minimums: 3% (some conventional programs), 3.5% (FHA), 0% (VA and USDA for eligible buyers). Putting 20% down on a conventional loan avoids private mortgage insurance.
Worked Example
Tips
Also budget for closing costs (often 2% to 5% of the price) and moving costs, and keep an emergency fund. See the FHA, VA and USDA calculators for program-specific costs.