Home Purchase Details

Home Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term (Years)

Typical down payment ranges: 3-5% for FHA loans, 5-10% for conventional, 20% to avoid PMI

Your Payment Breakdown

Down Payment

$80,000.00

Loan Amount

$320,000.00

Monthly Payment

$1,918.56

Loan-to-Value (LTV)

80.0%

Loan amount ÷ home price

Total Interest Paid

$370,681.60

Over 30 years

Home Price $400,000.00

Down Payment $80,000.00

Down Payment % 20.0%

Loan Amount $320,000.00

Interest Rate 6.0%

Loan Term 30 years

Monthly Payment $1,918.56

Common Down Payment Percentages

PMI Avoidance

Put 20% down to avoid Private Mortgage Insurance (PMI), saving hundreds monthly.

Rate Impact

Even 0.5% rate difference can save thousands over your loan term.

PDF Reports

Download professional reports to share with lenders or save for reference.

Frequently Asked Questions

What is a down payment?

A down payment is the upfront cash payment you make when buying a home. It's typically expressed as a percentage of the home's purchase price. The remaining amount is financed through a mortgage loan.

How much down payment do I need?

Minimum down payments vary by loan type: 3-5% for FHA loans, 5-10% for conventional loans, and 20% to avoid PMI. First-time home buyer programs may offer lower options.

What is PMI and how do I avoid it?

PMI (Private Mortgage Insurance) protects lenders when you put less than 20% down. Make a 20% down payment to avoid PMI entirely and save on monthly costs.

How is monthly payment calculated?

Monthly payments include principal and interest based on your loan amount, interest rate, and term. This calculator shows principal & interest only - taxes and insurance are additional.

What affects my interest rate?

Rates depend on your credit score, down payment amount, loan term, and current market conditions. Larger down payments often qualify for better rates.

Is this calculator free?

Yes! 100% free. No registration, no hidden costs. Use it as many times as you need for different home prices and scenarios.

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Down Payment Calculator - Plan Your Home Purchase

Our Down Payment Calculator PRO helps you understand how much you need to save for your dream home. Calculate your down payment, loan amount, and monthly mortgage payments instantly.

How it works: Enter the home price, down payment percentage, interest rate, and loan term. The calculator shows your down payment amount, loan amount, and estimated monthly payment. See the breakdown visually with our interactive chart.

Perfect for: First-time home buyers, real estate investors, homeowners considering refinancing, and anyone planning to purchase a home.