Down Payment Calculator
Calculate your home down payment amount, loan amount, and estimated monthly mortgage payment. Quick presets for 5%, 10%, 15%, and 20% down.
31.4Kuses
7.9/10(224)
Down Payment Comparison
| Down % | Down Payment | Loan Amount | Monthly | PMI? |
|---|---|---|---|---|
| 5% | $20,000 | $380,000 | $2,402 | Yes |
| 10% | $40,000 | $360,000 | $2,275 | Yes |
| 15% | $60,000 | $340,000 | $2,149 | Yes |
| 20% | $80,000 | $320,000 | $2,023 | No |
How to Use the Down Payment Calculator
- Enter the home purchase price.
- Set your down payment percentage or use a quick preset (5%, 10%, 15%, 20%).
- Enter the interest rate and select a loan term.
- Click Calculate to see the down payment amount, loan amount, and monthly payment.
Why 20% Down?
Putting 20% down avoids Private Mortgage Insurance (PMI), which typically costs 0.3% to 1.5% of the loan annually. However, many buyers purchase with as little as 3-5% down. Use the presets to compare different scenarios.
Features
- Quick preset percentages (5%, 10%, 15%, 20%)
- Monthly payment estimate with interest rate
- PMI requirement indicator
- Side-by-side preset comparison
- 100% client-side for full privacy
Recommended Products
Ad💰Financial CalculatorsShop →📚Finance BooksShop →📈Investing BooksShop →📒Budget PlannersShop →💵Money CountersShop →💻Laptop StandsShop →🖱️Wireless MouseShop →🔌USB-C HubShop →👓Blue Light GlassesShop →🖥️Desk PadShop →
Affiliate Disclosure: As an Amazon Associate, ToolBird earns from qualifying purchases. Links above are affiliate links — if you buy through them, we may earn a small commission at no extra cost to you.
Disclaimer: This tool is provided as-is for informational and educational purposes only.