Down Payment Calculator
Calculate how much to save for a house down payment and how long it will take. See the impact of different down payment percentages on your monthly mortgage.
No PMI needed at 20%+
HYSA rates: 4-5%
Your Down Payment Goal
20% Down Payment
$80,000.00
Time to Goal
$52.00
4y 4m
Goal Date
$0.00
May 2030
Investment Growth Over Time
Shows the growth of your investment over time, split between contributions and interest earned
Down Payment Comparison
| Down Payment | Amount Needed | Time to Save | PMI Required |
|---|---|---|---|
| 5% | $20,000 | 0y 0m | Yes |
| 10% | $40,000 | 1y 7m | Yes |
| 15% | $60,000 | 3y 0m | Yes |
| 20%(Selected) | $80,000 | 4y 4m | No |
Down Payment Tips
- •20% avoids PMI and gives you better rates
- •First-time buyers can put as little as 3-3.5% down with FHA loans
- •Keep savings in a high-yield savings account for easy access + growth
- •Don't forget closing costs: typically 2-5% of the home price
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How to Use This Down Payment Calculator
This free down payment calculator helps you make informed financial decisions. Simply enter your values above and see your results instantly - no signup required.
Why Use Our Calculator?
- •Instant Results: See calculations update in real-time as you adjust values
- •Visual Charts: Understand your finances with interactive visualizations
- •Mobile Friendly: Works perfectly on any device
- •100% Free: No hidden fees or signup required