Down Payment Calculator
Estimate the down payment you want to reach, the loan size it leaves behind, and the monthly savings needed to stay on track.
Results
Target Down Payment
$90,000.00
Estimated loan amount: $360,000.00
Remaining Gap
$51,131.07
Monthly Savings Needed
$1,349.11
Planning notes
- •Higher down payments reduce loan size and monthly payment pressure.
- •Short timelines call for steadier savings assumptions and more liquidity.
- •Keep room in your plan for closing costs and first-year repair surprises.
- •Review the target again if home prices or rates move materially.
How this down payment calculator works
The calculator starts with your target purchase price and chosen down payment percentage, then estimates the cash amount you want to bring to closing. It also projects how much of that goal could come from current savings growth over your chosen timeline.
If your future savings still fall short, the calculator estimates the monthly contribution needed to close the gap. That gives you a practical savings target instead of a vague homebuying goal.
How to use the result
Treat the monthly savings number as a planning benchmark, not a commitment you must hit at all costs. If the figure feels too aggressive, extend the timeline, lower the target home price, or explore a lower down payment strategy.
The estimated loan amount is useful because it translates your savings plan into future borrowing size. That makes it easier to compare this page with your mortgage payment and affordability calculations.
Frequently Asked Questions
Many buyers aim for 20% to avoid mortgage insurance and keep payments lower, but acceptable targets vary by loan program. The right amount is the one that keeps both your monthly payment and your cash reserves healthy after closing.