Down Payment Calculator

Plan your home down payment savings goal

Home Price ($)

Down Payment (%)

Current Savings ($)

Monthly Savings ($)

Savings Interest Rate (%/yr)

About

3.5% minimum for FHA loans; 20% avoids PMI (Private Mortgage Insurance). Closing costs typically 2–5% of home price. Savings goal timeline uses compound interest: balance = balance × (1 + r/12) + monthly contribution.