Down Payment Calculator

Plan your down-payment target across 3% to 20% scenarios and see how each option changes your monthly payment and PMI.

Home price

Interest rate (%)

Loan term (years)

PMI estimated at ~0.6% annually for less than 20% down. Actual PMI varies by credit score, loan program, and lender.

Side-by-side scenarios

Payments at 6.500% over 30 years

Down	Cash needed	Loan	P&I + PMI
3%	$12,000	$388,000	$2,646
3.5% (FHA)	$14,000	$386,000	$2,633
5%	$20,000	$380,000	$2,592
10%	$40,000	$360,000	$2,455
15%	$60,000	$340,000	$2,319
20%	$80,000	$320,000	$2,023

Conventional loans drop PMI automatically at 78% LTV. FHA MIP usually stays for the life of the loan unless you put 10%+ down.

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Calculator results are estimates for planning, not a loan approval, commitment, rate lock, or Loan Estimate.