Down Payment Calculator

Calculate required down payment and monthly costs

Home Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term (Years)

Property Tax ($/year)

Home Insurance ($/year)

Down Payment Amount

Loan Amount

Principal & Interest

PMI (if < 20% down)

Total Monthly Payment

P&I + Tax + Insurance + PMI

Down Payment Options

3.5% (FHA)

5% (Conventional)

10%

15%

20% (No PMI)

About Down Payments

20% down payment avoids private mortgage insurance (PMI). However, lower down payment options like FHA (3.5%) or conventional loans (3-5%) allow earlier home purchase with PMI added until 20% equity is reached.