Down Payment Calculator

How it works

Down payment = price × percent ÷ 100. Closing costs are a percentage of the price, commonly 2 to 5 percent. Total cash = down payment + closing costs + moving and setup costs. Loan amount = price − down payment. Conventional loans with less than 20 percent down usually add private mortgage insurance, and some loan programs have their own rules. Example: On a $400,000 home with 20 percent down, 3 percent closing costs, and $2,500 for moving, you need $80,000 for the down payment, $12,000 for closing, and $94,500 in total.

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