Down Payment Calculator
Calculate down payment from your own entered figures.
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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.
What this tool does
Calculate down payment from your own entered figures. Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
How to use the Down Payment Calculator
- Enter or select home price.
- Enter or select down payment (%).
- Enter or select cash available for down payment.
- Read the calculated result; change any measurement to compare alternatives.
Formula
down payment $ = price × %; implied % = cash ÷ price × 100; PMI applies on a conventional loan when the down payment is under 20% (LTV above 80%)
- price
- Home price
- downPct
- Down payment (%)
- cash
- Cash available for down payment
Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
Worked example
For down payment calculator, the following measurements illustrate the exact method: Home price: 400000; Down payment (%): 20; Cash available for down payment: 80000.
Inputs
- Home price$400000
- Down payment (%)20 %
- Cash available for down payment$80000
Result
- Down payment at entered %$80,000.00
- Loan amount after that down payment$320,000.00
- Your cash as % of price20%
- Loan amount using your cash$320,000.00
- 20% down payment benchmark$80,000.00
- PMI on the entered %?No — 20% or more down avoids PMI
Results explained
- Down payment at entered %
- Down payment at entered % from the formula above. Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
- Loan amount after that down payment
- Loan amount after that down payment from the formula above. Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
- Your cash as % of price
- Your cash as % of price from the formula above. Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
- Loan amount using your cash
- Loan amount using your cash from the formula above. Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
- 20% down payment benchmark
- 20% down payment benchmark from the formula above. Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
- PMI on the entered %?
- PMI on the entered %? from the formula above. Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
Frequently asked questions
down payment $ = price × %; implied % = cash ÷ price × 100; PMI applies on a conventional loan when the down payment is under 20% (LTV above 80%)
Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.
No. All numbers are entered by you or come from the dated reference table shown on this page; calculations run locally.
This is an estimate, not financial, tax or legal advice. Verify the inputs and output with official sources and a qualified professional.
Check period consistency, currency, percentage inputs and the assumptions: Both directions are shown because buyers think in both: a target percentage, and a pile of cash. PMI trigger uses the conventional 20% rule; FHA and VA loans follow their own insurance/fee rules.