What is the Down Payment Calculator?
The Down Payment Calculator converts the down payment you enter into both dollars and a percentage of the home price. It then estimates the remaining loan amount and purchase LTV.
How does the Down Payment Calculator work?
Percentage mode multiplies the home price by the entered percentage. Dollar mode divides the entered down-payment dollars by the home price to calculate the percentage. In both cases, loan amount is price minus down payment and LTV is loan amount divided by price.
What formula or rule does it use?
Down payment = home price × down-payment percentage; loan amount = home price − down payment; LTV = loan amount ÷ home price The dynamic “How this answer was calculated” panel substitutes the values you enter into the rule after a valid calculation.
How should you use this calculator?
Use this tool for purchase cash planning, then check the loan payment with the Mortgage Calculator, transaction cash with the Closing Cost Calculator, affordability with the Home Affordability Calculator, and local taxes with the Property Tax Calculator.
How should you understand the result?
The main result is the down payment in dollars. The calculator also shows the percentage, estimated loan amount and LTV. These figures do not determine loan-program eligibility or mortgage-insurance requirements.
What are the limitations?
Minimum down payments and mortgage-insurance rules vary by loan program, lender, borrower and property. CFPB also recommends preserving money for closing costs, moving, repairs and emergency savings rather than treating all available cash as a down payment.
Who can use this calculator?
Useful for prospective U.S. homebuyers comparing purchase prices and upfront-cash strategies before obtaining loan quotes.
Frequently asked questions about Down Payment
Sources and methodology
Methodology, terminology and consumer guidance are grounded in the following U.S. government or housing-finance references where applicable.