Down Payment Calculator
What you need — and how fast you'll get there.
Down payment needed:
Still to save:
Time to save it:
How to use this calculator
Enter the home price, down payment percentage, current savings and monthly saving, then press Calculate. Target, remaining and time to save are shown.
What the result means
The time is how long until you reach your down payment at your current saving rate. Starting earlier or saving more shortens it dramatically.
Frequently asked questions
Do I need 20%?
No — 3-5% is available on many programs, though you'll pay PMI below 20%.
What's PMI?
Private mortgage insurance paid when your down payment is under 20% — an added monthly cost until you cross 20% equity.