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Saving for a down payment is often the biggest hurdle to homeownership. This calculator helps you determine how much you need and creates a savings plan to get there.
Down Payment Calculator
Results
Down Payment Needed
$70,000.00
Remaining to Save
55,000
Months to Goal
3 yr 1 mo
Est. Closing Costs
$10,500.00
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How It Works
Calculate the down payment amount based on home price and desired percentage, then determine monthly savings needed to reach your goal within your timeframe.
Formula
Down Payment = Home Price × Percentage; Monthly Savings = (Goal - Current) / MonthsAssumptions
- Home price stays constant
- Savings earn modest interest
- Closing costs estimated separately
- PMI avoided with 20% down
Frequently Asked Questions
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