Down Payment Calculator
Calculate how much you need for a down payment, see how different amounts affect your monthly payment and PMI, and plan your savings timeline.
You're Planning to Save. Great. But What Will You Offer?
Most buyers focus on saving 20% down, then make emotional offers $15,000-$50,000 above market value without proper analysis.
Example: You save $70,000 for a down payment over 3 years. Then you overpay by $25,000 on purchase price. That overpayment costs you an extra $58,000+ in interest - almost your entire down payment savings wasted.
Learn Smart Offer Strategy Now - Only $9 →✓ When you're ready to buy, you'll know what to offer ✓ Data-driven analysis ✓ Stop overpaying
Your Information
How much you've already saved
How much you can save per month
Applies if down payment is less than 20%
Enter Your Information
Fill out the form to calculate your down payment needs
Understanding Down Payment Options
3% Down (FHA/Conventional)
The minimum down payment for many first-time buyers. FHA loans allow as low as 3.5%, while some conventional loans accept 3%.
10% Down
A middle ground that reduces your loan amount and monthly payment while still being achievable for many buyers.
20% Down
RECOMMENDEDThe traditional standard that eliminates PMI and gives you the best loan terms and lowest monthly payments.
Tips to Save Faster
Automate Your Savings
Set up automatic transfers to a dedicated down payment savings account on payday. You won't miss what you don't see.
Use Windfalls Wisely
Put tax refunds, bonuses, and gifts directly toward your down payment fund instead of spending them.
Cut One Big Expense
Identify your biggest discretionary expense (eating out, subscriptions, etc.) and reduce it temporarily while saving.
Explore Down Payment Assistance
Many states and cities offer grants or low-interest loans for first-time buyers. Research programs in your area.