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Find your down payment amount and PMI status.
🏠 Under 20% down usually requires PMI ($50-300/month). 20%+ avoids this cost entirely.
The down paymentis the upfront cash you pay toward a home; the rest becomes your mortgage. This calculator shows the dollar amount and whether you'll need PMI.
Putting down 20% or more means avoiding PMI(Private Mortgage Insurance), which typically costs $50-300/month. On a $400,000 home, that's $80,000 down to avoid PMI entirely.
Bigger down payments mean smaller loans and no PMI — but don't drain your emergency fund to get there. Lenders want to see reserves after closing.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, investment, or legal advice. Calculated results are estimates based on the inputs you provide; actual figures may vary. Always consult a qualified professional before making financial decisions.
The Down Payment Calculator lets you figure out down payment calculatorinstantly, without reaching for a spreadsheet or doing the math by hand. Whether you're planning a budget, checking a loan, or working through homework, the tool applies the correct formula behind the scenes and shows the result the moment you enter your numbers.
Unlike a static chart or table, this calculator adapts to your exact inputs. You can adjust any value and see the outcome update in real time, which makes it easy to compare scenarios — for example, "what if the rate were 1% lower?" or "what if I paid an extra $50 a month?"
Common uses: people reach for this tool when they need to find a down payment calculator by home price, how much down payment for a house, pmi threshold 20 percent calculator, or down payment needed to avoid pmi.
Browser-based tools like this one have a few real advantages over installed software or manual methods:
The Down Payment Calculator is based on the following formula:
Down payment = price × rate Loan = price − down payment
Variables: Down payment = Upfront cash paid at closing ($) price = Purchase price ($) rate = Down payment percentage (as a decimal, so 20% = 0.20) Loan = Amount borrowed ($)
Down payment is the upfront cash portion, usually quoted as a percentage of the price. The loan covers the rest; a larger down payment lowers the principal, the monthly payment, and often the interest rate.
Worked example: Step 1: price = $400,000, rate = 20% = 0.20. Step 2: down payment = 400,000 × 0.20 = $80,000. Step 3: loan = 400,000 − 80,000 = $320,000. Result: $80,000 cash down and a $320,000 loan; at 20% down there is usually no PMI.
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