Home Affordability Calculator
How much house you can afford.
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Real Estate
Down Payment Calculator
Enter home price and percentage to get the down payment, loan amount and PMI status.
Down payment
—
Cash up front.
| Loan amount | — |
|---|---|
| PMI required? | — |
| Percent | — |
| Home price | — |
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Enter your figures above to see the step-by-step working.
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How the Down Payment Calculator Works
Your down payment is the share of the home price you pay in cash up front; the rest is the loan. Multiply the price by your down-payment percentage to get the amount, and subtract it from the price for the loan. Putting down less than 20% usually triggers private mortgage insurance (PMI), an extra monthly cost that protects the lender until you build 20% equity.
A larger down payment means a smaller loan, less interest over time, and no PMI — but it ties up cash. Many loans allow much less than 20% down, so weigh the trade-offs.
down payment = home price × percentage
Frequently Asked Questions
How much is a 20% down payment?
On a $350,000 home, 20% is $70,000, leaving a $280,000 loan. Twenty percent is the threshold to avoid PMI.
What is PMI?
Private mortgage insurance, an extra monthly charge when you put down less than 20%. It ends once you reach 20% equity.
Do I need 20% down?
No. Many loans allow 3–5% down, and some none. But a smaller down payment usually means PMI and more interest.
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