Calculyn

Down Payment Calculator

See how much down payment you need for a home and how much you'll borrow.

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Results update as you type.

Down payment

$80,000

20% or more down typically avoids PMI on a conventional loan.

Loan amount
$320,000
Estimated closing costs
$12,000
Cash needed at closing
$92,000
Down payment$80,000

Results are estimates for planning and are not financial advice.

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How it works

Your down payment is a percentage of the purchase price. The rest is financed. Closing costs are paid separately, often 2–5% of the price.

Formula

Down payment = Price × Down % · Loan = Price − Down payment

Example

20% down on a $400,000 home is $80,000, leaving a $320,000 loan. With 3% closing costs you'd need about $92,000 in cash.

Assumptions & limitations

  • Results are rounded for display.

Frequently asked questions

Do I need 20% down?

No. Many loans allow 3–5% down (FHA 3.5%), but under 20% usually adds mortgage insurance.