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Calculators · Financial

Down payment calculator

See your custom down payment amount alongside the standard FHA and conventional loan options for the same purchase price.

Runs in your browser No signup Free forever CSV export
House price dollars
$
Percent down payment
%

Enter a house price and percentage, then calculate — your options will appear here.

$0
FHA loan options
3.5% down (credit ≥ 580)
$0
10% down (credit ≥ 500)
$0
Upfront mortgage insurance (1.75%)
$0
Conventional loan options
20% standard down
$0
3% minimum down
$0
Est. monthly PMI (if <20% down)
$0
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How it works

Two steps, no account

1

Enter the house price

And your chosen down payment percentage — the calculator shows your custom figure first.

2

Compare loan program minimums

FHA and conventional loans have their own standard minimums, shown side by side for the same house price.

FAQ

Common questions

What's the difference between FHA and conventional loans?
FHA loans are government-insured and allow lower credit scores with a smaller down payment, at the cost of mandatory mortgage insurance. Conventional loans aren't government-insured and can avoid ongoing mortgage insurance entirely with 20% down.
Why does PMI only apply below 20% down?
Private Mortgage Insurance protects the lender when a buyer has less equity in the home — once you've put down 20% or more, conventional lenders typically don't require it, since the lender's risk from a small loss on resale is much lower.
Are these exact numbers I'll be quoted?
These are standard program figures for illustration — actual mortgage insurance rates and program terms vary by lender, credit score, and loan specifics. Confirm exact numbers with a lender before relying on them.
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Down Payment Calculator

Our Down Payment Calculator helps you determine down payment options for your home purchase. Explore FHA and conventional loan options to make informed decisions about your home financing.

How to Use the Down Payment Calculator

1. Enter House Price

  • Input the total price of the house you plan to purchase
  • Example: $300,000

2. Enter Percent Down Payment

  • Input the percentage of the house price you plan to pay as a down payment
  • Example: 20%

3. Calculate Down Payment Options

  • Click the "Calculate" button
  • The calculator will display standard down payment, FHA loan options, and conventional loan options

Down Payment Options

Standard Down Payment

  • Calculated based on the percentage you input

FHA Loan Options

  • 3.5% Down Payment: Available for credit scores ≥ 580
  • 10% Down Payment: Available for credit scores ≥ 500
  • Upfront Mortgage Insurance: 1.75% of the house price

Conventional Loan Options

  • 20% Standard Down Payment: Traditional down payment option
  • 3% Minimum Down Payment: Available for qualified buyers
  • Estimated Monthly PMI: If less than 20% down

Use Cases

1. Home Buyers

  • Determine down payment requirements for different loan types
  • Plan your home purchase budget
  • Compare FHA and conventional loan options

2. Real Estate Professionals

  • Assist clients in understanding down payment options
  • Provide detailed payment breakdowns
  • Integrate into real estate websites for client use

3. Educational Purposes

  • Teach students about mortgage calculations and down payments
  • Demonstrate the impact of different loan options
  • Use in finance and real estate courses

Technical Features

  • Real-Time Calculation: Instant results upon input
  • Responsive Design: Works on mobile, tablet, and desktop devices
  • Download Results: Save calculations as a CSV file
  • No Data Storage: All calculations performed locally in your browser

Why Use Our Down Payment Calculator

1. Accurate and Reliable

  • Uses standard mortgage calculation formulas
  • Provides precise results with detailed payment options

2. User-Friendly Interface

  • Simple and intuitive design
  • Clear instructions and labels
  • Instant feedback with comprehensive loan details

3. Privacy Focused

  • No personal data collection
  • Works offline after initial page load
  • Safe and secure for all users

Understanding Down Payments

What is a Down Payment?

A down payment is the initial payment made when purchasing a home. It is a percentage of the total house price and affects the loan amount and terms.

How are Down Payments Calculated?

Down payments are calculated based on the house price and the percentage you plan to pay upfront. Different loan types have varying down payment requirements.

Limitations of Down Payment Calculations

While the calculator provides a good estimate, individual variations in loan terms and fees can affect actual payments. It should be used alongside other assessments for a comprehensive financial evaluation.

Remember: Always consult with a financial advisor for personalized advice and before making significant financial decisions.