💰
Down Payment Calculator
Calculate required down payment and monthly savings needed to reach your goal.
About This Calculator
A 20% down payment eliminates PMI (private mortgage insurance), which runs 0.5–1.5% of the loan annually. On a $400,000 home, 20% down saves $100–$300/month in PMI. First-time buyers can access FHA loans with 3.5% down or conventional loans at 3–5% with PMI.