Down Payment Calculator

Down payment dollars, loan size, LTV, and a simple cash-to-close sketch. Click any i for detail.

Purchase

Home price ($) i Price Purchase price before closing costs.
Down payment (%) i Down % Common: 3.5% FHA, 5–20% conventional.
Est. closing costs ($) i Closing Optional cash at closing beyond the down payment.

How to use this calculator

Enter the home price.
Set your down-payment percent.
Add estimated closing costs if you want cash-to-close.
Read down payment, loan, LTV, and cash sketch.

Results explained

Down payment is price × percent. Loan amount is price minus down payment. LTV is loan ÷ price. Cash to close here is a simple down + closing sketch — real CD/LE lines differ.

Quick reference: down payment

down = price × %; loan = price − down; LTV = loan / price.

Item	Detail
20% of $400k	$80,000 down; $320k loan
3.5% FHA	Lower cash, MIP usually applies
LTV 80%	Often avoids conventional PMI
Closing costs	Separate from down payment

Not a loan offer — lenders underwrite separately.

How the estimate is built

down = P×d%; loan = P−down; LTV = loan/P; cash ≈ down + closing.

Example scenario

$400,000 at 20% + $8,000 closing → down $80,000, cash ~$88,000.

FAQ

Is earnest money separate?

It usually credits toward down/closing — not modeled as a third bucket here.

Seller credits?

Reduce closing or price outside this worksheet.

Gift funds?

Allowed on some loans with rules — ask your lender.