Down Payment Calculator
Calculate how much down payment you need for a home based on loan type and home price
Down Payment Calculator
Determine your down payment requirements and estimate PMI costs
The full down payment calculator is available on our main calculator page
Go to Main CalculatorDown Payment Requirements by Loan Type
Minimum down payment varies significantly by loan program
Conventional Loan20% typical
Can go as low as 3% for first-time buyers
FHA Loan3.5% minimum
10% down required if credit score below 580
VA Loan0% down
No down payment required for eligible veterans
USDA Loan0% down
For rural and suburban homebuyers
Down Payment Benefits
- Lower Payments: Larger down payment = smaller loan
- No PMI: 20% down eliminates PMI requirement
- Better Rate: Larger down payment may get better rates
- More Equity: Start with more ownership stake
PMI Considerations
- Required for down payments under 20%
- Typically 0.5% - 1% of loan amount annually
- Can be removed at 20% equity
- Adds $100-$300/month to your payment
Down Payment Examples
How much down payment do you need for different home prices?
Home Price20% Down3.5% Down
$250,000$50,000$8,750
$400,000$80,000$14,000
$600,000$120,000$21,000
Calculate Your Down Payment
Use our mortgage calculator to determine exactly how much down payment you need for your home purchase.
Start Calculating