Down Payment Calculator

Request cancellation at 20% equity (via appraisal) or auto-cancellation at 22% equity. Timing depends on principal paydown + home appreciation. Can take 5–10 years.

Yes, but expensive. 3% down + PMI + closing costs = 5–6% of purchase price upfront. 10–20% down saves significantly on PMI and monthly payment.

Yes. Gift money from family allowed. Lender requires letter stating no repayment expected. Can't be borrowed. Verify your lender's specific rules.