Down Payment Calculator – Plan Your Home Purchase
Calculate the down payment amount and loan amount from the purchase price and down payment percentage. Plan your home purchase and see how different down payment levels affect your mortgage. Free, no sign-up.
Down Payment Calculator
Calculate the down payment amount and loan amount from purchase price and down payment percentage.
Down payment formula
Down Payment = Purchase Price × (Down % ÷ 100)
Loan Amount = Purchase Price − Down Payment
Understanding down payments and home buying
The down payment is the portion of the purchase price you pay upfront. It reduces the amount you need to borrow and can lower your monthly mortgage payment. Lenders often require a minimum down payment; putting down 20% or more typically avoids private mortgage insurance (PMI) on conventional loans.
Use this calculator to see how different down payment percentages affect your loan amount. A higher down payment means a smaller loan and lower interest over time. Pair it with our mortgage calculator to estimate monthly payments and our stamp duty calculator to factor in transfer taxes. Plan your budget before house hunting.