Down Payment Calculator
Calculate down payment requirements and home affordability
đĩ Down Payment Calculator
đ Calculation Results
Affordable Home Price
$434,783
Based on your available cash
Home Price
$434,783
Down Payment
$86,957
Closing Costs
$13,043
Loan Amount
$347,826
Monthly Payment
$2,233
Other Down Payment Options
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Complete the form and click Calculate to see your results.
đ Understanding Down Payments
Down Payment Amount
A down payment is the upfront portion of a payment for expensive items like homes. It's typically expressed as a percentage of the purchase price.
Closing Costs
Don't forget closing costs! These include fees for inspections, appraisals, title insurance, and more. Budget around 2-5% of the home price.
Loan Types
Conventional loans typically require 20% down to avoid PMI. FHA loans allow as little as 3.5%, while VA loans may require no down payment.