Down Payment Calculator
Convert a down payment between percent and dollars, see the resulting loan, and estimate how long to save at your current rate.
Inputs
Result
Visual breakdown
Formula
Down amount = price × percent (or the dollar amount you enter). Loan = price − down. Months to save = down ÷ monthly savings.
Example
$400k home at 20% down → $80k down, $320k loan. Saving $1,500/mo → about 54 months.
Related: Mortgage · Affordability · Savings goal
How to use
- Enter the home price you're targeting.
- Choose whether to enter the down payment as a percent or dollar amount.
- Optionally enter how much you currently save each month.
When it's useful
- Comparing 5% / 10% / 20% down scenarios.
- Translating a saved amount into a price you can target.
- Pacing a savings plan to hit closing on a target date.
Common examples
Frequently asked
Do I need 20% down?
No — but under 20% on a conventional loan usually means PMI. FHA, VA, and USDA loans have their own minimums and rules.
Does this include closing costs?
No. Use the Closing Cost calculator and add the result to your savings target for total cash-to-close.
Is interest on savings included?
No — months-to-save is a simple division. Use the Savings Goal calculator for a target with returns and contributions.
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More money & work →Estimates only — not financial advice.