The Down Payment Calculator finds the home price you can afford from your cash, the cash needed for a given home price, or the down payment percentage, including closing costs.
You can afford a home up to $434,782.61.
| Home price | $434,782.61 |
| Down payment | $86,956.52 |
| Closing costs | $13,043.48 |
| Loan amount | $347,826.09 |
| Monthly payment | $2,319.00 |
You need $115,000.00 in upfront cash.
| Upfront cash needed | $115,000.00 |
| Down payment | $100,000.00 |
| Closing costs | $15,000.00 |
| Loan amount | $400,000.00 |
| Monthly payment | $2,666.85 |
Your down payment is 17.00% of the price.
| Down payment percentage | 17.00% |
| Down payment | $85,000.00 |
| Closing costs | $15,000.00 |
| Loan amount | $415,000.00 |
| Monthly payment | $2,766.86 |
The down payment is the part of a home's price you pay in cash; the rest is borrowed. A larger down payment means a smaller loan, lower monthly payments, less interest and often a better rate.
Twenty percent avoids private mortgage insurance on conventional loans. But many buyers put down less: conventional loans allow 3–5%, FHA 3.5%, and VA and USDA loans 0%. Keeping enough cash for closing costs, moving and an emergency fund matters as much as the down payment.
Closing costs typically run 2–5% of the price: lender fees, appraisal, title insurance, taxes and prepaid items. This calculator can include them so the cash you enter covers both.
Worked example (defaults): with $100,000 cash, 20% down and 3% closing costs, you can buy up to $100,000 ÷ 0.23 ≈ $434,783.
Can gifts be used? Yes, most loans allow documented gifts from family.
Are there assistance programs? Many states and cities offer down payment help to first-time buyers.
Is it better to invest instead of putting more down? It depends on your mortgage rate versus expected returns and your risk tolerance.