Down Payment Calculator
Home Price ($)
Down Payment %
The down payment is the upfront cash portion when buying a home. 20%+ eliminates PMI and results in lower monthly payments and total interest paid over the life of the loan.
- 1Down payment % = Cash / Purchase price × 100
- 2Loan = Purchase price − Down payment
- 3PMI required when down payment < 20% (US)
- 4PMI costs ~0.5–1.5% of loan annually
$400k home, 10% down=Down $40k; Loan $360k; PMI ~$150/mo until 20% equity
| Loan | Min down |
|---|---|
| Conventional | 3% |
| FHA | 3.5% |
| VA | 0% |
| USDA | 0% |
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