🏦 Down Payment Calculator
Enter a purchase price and down payment percentage to calculate the exact down payment amount and the remaining amount you'd need to finance.
How the Down Payment Calculator works
The down payment amount is the purchase price multiplied by your chosen percentage; the remaining loan amount is the price minus that down payment.
Step-by-step calculation
- 1Enter the purchase price.
- 2Enter the down payment percentage.
- 3Multiply to get the down payment; the rest is the loan.
Worked example
20% down on a $350,000 home is $70,000, leaving a $280,000 loan.
Down Payment Calculator examples
| Down payment (%) | Down payment |
|---|---|
| 3.5 | $14,000 |
| 5 | $20,000 |
| 10 | $40,000 |
| 20 | $80,000 |
| 25 | $100,000 |
Home price $400,000. Other inputs kept at the calculator's default values. Results calculated by this calculator.
Why use a Down Payment Calculator?
Plan how much cash you need to save for a home or car.
Important factors that can affect your results
- Under 20% down often means mortgage insurance (PMI).
- Closing costs are extra (often 2–5%).
- Some loans allow 3–3.5% down.
Frequently asked questions
What's a typical down payment percentage?
This varies by loan type and lender — conventional mortgages often use 20%, but many loan programs allow less.
Does a bigger down payment always help?
Generally it lowers your loan amount, monthly payment, and total interest — but the right amount depends on your finances and loan terms.
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Last reviewed November 2026 · How we build and check our tools · Report a problem