Down Payment Calculator
Calculate the down payment amount, loan amount, and down payment percentage for a home purchase.
How this calculator works
How to use this calculator
Enter the home price and either a down payment percentage or dollar amount. The calculator shows the down payment, down payment percentage, and estimated loan amount.
Formula used
Down Payment Amount = Home Price × Down Payment Percentage. Loan Amount = Home Price − Down Payment Amount.
Example calculation
For a $350,000 home with a 20% down payment, the down payment is $70,000 and the estimated loan amount is $280,000.
What the result means
The result helps estimate how much cash may go toward the purchase price. It does not include closing costs, reserves, moving costs, or lender-specific requirements.
Frequently asked questions
Is 20% always required?
No. Some loan programs allow lower down payments, but other costs or mortgage insurance may apply.
Does this include closing costs?
No. Use the Closing Cost Calculator separately.
Can I enter a dollar amount instead of a percentage?
Yes. Select Amount from the dropdown.