Down Payment Calculator

Calculate the optimal down payment for your home purchase. Understand how different down payment amounts affect your mortgage payments and total costs.

Down Payment Details

Home Price ($)

Down Payment Type

Down Payment Percentage (%)

Interest Rate (%)

Loan Term (Years)

Property Tax (Annual $)

Home Insurance (Annual $)

PMI Rate (% annually)

PMI required if down payment < 20%

Payment Summary

Down Payment

$80,000

20.0% of home price

Loan Amount

$320,000

Monthly Principal & Interest

$2,023

Total Monthly Payment

$2,539

Including taxes, insurance & PMI

Total Interest Paid

$408,142

Over 30 years

Down Payment Comparison

Down Payment	Loan Amount	Monthly P&I	PMI	Total Monthly
5% ($20,000)	$380,000	$2,402	$158	$3,077
10% ($40,000)	$360,000	$2,275	$150	$2,942
15% ($60,000)	$340,000	$2,149	$142	$2,807
20% ($80,000)	$320,000	$2,023	None	$2,539
25% ($100,000)	$300,000	$1,896	None	$2,413

How Down Payments Work

Down Payment Basics

A down payment is the upfront cash payment you make when purchasing a home. It reduces the loan amount and demonstrates your commitment to the lender.

Loan Amount = Home Price - Down Payment

Down Payment % = Down Payment / Home Price × 100