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🏠 Down Payment Calculator
Down payment percentage dramatically affects monthly cost. Below 20% triggers PMI (~$200/mo on a $400k home). FHA accepts 3.5%, VA loans 0%. Conventional usually wants 5-20%. This calculator shows the trade-off.
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Examples
$500k home
Output
3% = $15k · 5% = $25k · 10% = $50k · 20% = $100k. Below 20% adds PMI ~$150-300/mo.Frequently asked questions
Is 20% always best?
No — if you can earn more in stocks than your mortgage rate, smaller down + investing can beat. Math is tighter at today's 7% rates.
Do gift funds count?
Yes for most loans (with documentation).
About this calculator
Down Payment Calculator runs entirely in your browser using standard formulas. No data is sent to any server. We don't share your inputs with lenders, brokers, or anyone else — there's no funnel and no follow-up email.
Related tools
- 🏠 Mortgage Calculator — Monthly mortgage payment with amortization breakdown. Principal, interest, taxes, insurance.
- 🏘️ Home Affordability Calculator — How much house can you afford? Based on income, debts, down payment, and rate.
- 🏦 Loan-to-Value (LTV) Calculator — LTV ratio = loan amount / property value. Determines PMI and refi terms.
Why this calculator
vs typical free finance-calculator sites
| RichCalcs | Typical free site | |
|---|---|---|
| Price | Free | Free |
| Signup required | No | Often (for full results) |
| Ads inside the calculator | No | Yes (banner + sidebar) |
| Lead capture (email / phone) | No | Yes — sold to lenders |
| Data sent to server | No (browser-only) | Yes (analytics + tracking) |
| Amortization schedule | Full table | Often summary only |
| Bookmarkable URL per calc | Yes | Mixed |
| Loads in under 1s | Yes (static) | Often slow (ad tracking) |
| Open source | Yes | No |