Financial Tools
Down Payment Calculator
Calculate how much you need for a home down payment, the closing costs on top, and how long it takes to save it at your pace.
Home Price
Down Payment
Closing Costs (% of price, typically 2% to 5%)
Savings Account APY (%, optional)
Saved So Far
Monthly Savings
Values shown are examples. Edit them to match your situation.
Your Down Payment
| Down Payment | $0 |
| Closing Costs | $0 |
| Cash Needed at Closing | $0 |
| Still to Save | $0 |
| Time to Save It | n/a |
| Ready By | n/a |
| Resulting Loan | $0 |
| 3% Down | $0 |
| 5% Down | $0 |
| 10% Down | $0 |
| 20% Down (no PMI) | $0 |
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
Questions people ask
How is the cash needed at closing calculated?
The page multiplies the home price by your down payment percentage, adds closing costs as a percentage of the price, and shows the sum as Cash Needed at Closing.
How does the page estimate the time to save?
It starts from what you have saved so far, adds your monthly savings, and grows the balance at the savings account APY you enter until it reaches the cash needed. Leave the APY at zero to count deposits alone.
What do the 3%, 5%, 10% and 20% lines show?
They show the down payment in dollars at each of those shares of the home price you entered, so you can compare them side by side.
Does the result include moving costs or reserves?
No. The target covers the down payment and the closing costs percentage alone, so add any other cash you plan to keep on hand.
