Down payment amount from percentage.
These calculators use standard financial formulas (amortization, compound interest, marginal tax brackets) to estimate results based on the numbers you enter. They don't account for your full financial picture, and results shouldn't be treated as financial, tax, or investment advice. For decisions with real money on the line, check the numbers with a lender, accountant, or financial advisor who can see your complete situation.
Multiply purchase price by down-payment percentage to see cash needed at closing.
US benchmark: 20% avoids PMI on conventional loans. FHA allows 3.5%; VA and USDA allow 0% for eligible borrowers.
The down payment isn't the only cash you'll need — closing costs, moving expenses, and an emergency buffer for the new home all add to the total upfront cost beyond just this number.
$400,000 home at 20% down = $80,000.00 cash at closing.
No — FHA at 3.5%, some conventional at 3–5%, VA/USDA at 0%. Lower down usually means PMI and a higher monthly payment.
Yes — usually 2–5% of the loan amount: appraisal, inspection, title, prepaid taxes and insurance.
It lowers your monthly payment and avoids PMI, but tying up more cash reduces your emergency reserve — weigh the trade-off against your overall financial cushion, not just the mortgage math alone.
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