Skip to content
ToolQivo

Down Payment Calculator

What your down payment buys you in price, payment and LTV.

Calculators Reviews Free · no sign-up
—
DownCash neededLoanLTVMonthly

Down payment

—

Home price—
Loan amount—
Loan-to-value—
Closing costs—
Total cash needed—
Principal & interest—
PMI per month—
Monthly total—

Quick Tool Overview

The Down Payment Calculator works in both directions: from a price and a percentage to the cash you need, or from the cash you have to the price it supports. It reports the loan, the loan-to-value ratio, the payment and whether mortgage insurance applies.

What it does
Calculates a down payment, the loan it leaves and your LTV
You give it
A home price and a percentage, or the cash you have saved
You get back
Cash required, loan amount, LTV, payment and PMI status
Best for
Deciding how much to put down and whether to wait for 20 percent
Calculators Free, unlimited use No sign-up Runs in your browser

About the Down Payment Calculator

Work from either direction: enter a home price and a percentage to get the cash you need, or enter the cash you have and see the price it supports. Either way you get the loan amount, the loan-to-value ratio and the monthly payment that results.

Twenty percent is the number everyone quotes, and the reason is private mortgage insurance. Below that threshold most conventional lenders add a monthly premium that buys you nothing, and the calculator shows what it costs so you can weigh saving longer against buying sooner. It also shows closing costs, which are the expense first-time buyers most often forget: they sit on top of the down payment and typically run two to five percent of the price.

Key features of the Down Payment Calculator

Works from either end

Start from the price you want or from the savings you have, whichever way you are thinking about it.

PMI threshold flagged

The calculator shows whether you cross under 80 percent LTV and what mortgage insurance costs if you do not.

Closing costs included

The two to five percent that sits on top of the down payment, and that first-time buyers most often forget.

Payment for each scenario

See the monthly cost of putting down 5, 10, 15 or 20 percent without re-entering anything.

Percentage or cash entry

Type a percentage or an amount and the other updates to match.

How to use the Down Payment Calculator

  1. 1

    Enter the home price

    The price you are targeting, or switch the mode to work backwards from your savings.

  2. 2

    Set the down payment

    As a percentage or a cash amount, whichever you are thinking in.

  3. 3

    Add the rate and term

    So the calculator can show the monthly payment each down payment produces.

  4. 4

    Check the LTV and PMI

    See whether you cross under 80 percent and what mortgage insurance would cost if you do not.

Frequently asked questions

Conventional loans start around three percent, FHA at three and a half, and VA and USDA at zero for eligible borrowers. Twenty percent is not required, it is simply the point where mortgage insurance stops.

Reviews of the Down Payment Calculator

What people who use the Down Payment Calculator think of it. Reviews come from visitors and are posted as written.

No ratings yet

Yours would be the first.

  • 5 0 reviews rated 5 stars
  • 4 0 reviews rated 4 stars
  • 3 0 reviews rated 3 stars
  • 2 0 reviews rated 2 stars
  • 1 0 reviews rated 1 star

Write a review

Used this tool? Your rating helps the next person decide.

Your rating

Plain text only — links, email addresses and HTML are not accepted. Your name and review are shown publicly; nothing else is collected. See the privacy policy.

0 reviews

Newest first

No reviews yet

Be the first to rate the Down Payment Calculator. It takes half a minute and no account.

Write the first review

More calculators