Free · Browser-Based · Homebuyer Planning

Down Payment Calculator

Estimate down payment amount, financed loan balance, loan-to-value ratio, and whether you may still face PMI based on your planned home purchase.

Home price

Down payment (%)

Closing costs saved separately

Target PMI threshold (%)

Homebuyer summary

🎯 Common Use Cases

Estimate cash needed before shopping

Compare 5%, 10%, and 20% down scenarios

Review financed balance and LTV

Check possible PMI exposure quickly

Why does 20% matter?

Many buyers use 20% as a rough threshold where PMI may no longer be required, though rules vary by loan type and lender.

Are closing costs included in the down payment?

No. This tool shows them separately so you can estimate total cash needed more realistically.

Is this lender-accurate?

It is a planning estimate, not a lender disclosure or underwriting decision.