Down Payment Calculator

Your details

Pick the figure you already know; the calculator solves for the rest.
%
Lender fees, title, taxes and prepaids. Usually 2-5% of the purchase price.
% of price
Annual mortgage rate, used only to estimate the monthly payment.
%
years
Currency
Down payment
$60,000
Down payment %20%
Closing costs$9,000
Total cash to close$69,000
Loan amount$240,000
Est. monthly payment (P&I)$1,517

Plan for 69,000 in total cash to close.

  • You would put 20% down and borrow 240,000.
  • At 20% or more down you typically avoid private mortgage insurance (PMI) on a conventional loan.
  • Closing costs are real cash too: budget the full "total cash to close", not just the down payment.

Next stepFeed the loan amount into the mortgage calculator for taxes, insurance and a full payment breakdown.

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