Calculate down payment amount and percent from home price — see loan amount, PMI need and monthly impact.
Calculate down payment amount and percent from home price — see loan amount, PMI need and monthly impact.
Enter values above and click Calculate — results will appear here with the formula explained.
Down-payment percentage is down dollars divided by purchase price times 100, and the loan is price minus down. The 20% line matters because below it most conventional lenders require private mortgage insurance, which adds a monthly premium until equity reaches 20% and can be removed. The calculator shows both figures so you can weigh a larger down payment's upfront cost against its monthly savings.
Twenty percent is traditional but not mandatory: FHA, VA and many conventional programs permit 3–10% down with different trade-offs in PMI, rate and qualification. Use the tool to test scenarios — for example, stretching from 10% to 20% on a $400,000 home saves roughly $80 in PMI plus interest on the smaller loan, but ties up an additional $40,000 that could otherwise remain liquid or invested.
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Down Payment Calculator computes calculate down payment amount and percent from home price — see loan amount, pmi need and monthly impact. Formula: Percent = down/price*100. Example: With $400k price, $80k down = 20%, loan $320k, no PMI.
Down-payment percentage is down dollars divided by purchase price times 100, and the loan is price minus down. The 20% line matters because below it most conventional lenders require private mortgage insurance, which adds a monthly premium until equity reaches 20% and can be removed. The calculator shows both figures so you can weigh a larger down payment's upfront cost against its monthly savings.
Twenty percent is traditional but not mandatory: FHA, VA and many conventional programs permit 3–10% down with different trade-offs in PMI, rate and qualification. Use the tool to test scenarios — for example, stretching from 10% to 20% on a $400,000 home saves roughly $80 in PMI plus interest on the smaller loan, but ties up an additional $40,000 that could otherwise remain liquid or invested.
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With $400k price, $80k down = 20%, loan $320k, no PMI. With $40k down =10%, loan $360k, PMI likely.
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