Down Payment Calculator
Calculate the down payment amount for any home price and percentage, and see the resulting loan amount.
Down payment amount
$70,000.00
What Your Result Means
The down payment amount is the upfront cash you'd need at closing. The resulting loan amount is what you'd need to finance - use it as an input to the Mortgage Calculator for a full payment estimate.
How It Is Calculated
Down Payment = Home Price × (Down Payment % / 100)
Worked Example
A $350,000 home with a 20% down payment requires $70,000 down, leaving a $280,000 loan amount.
Important Assumptions
- Does not include closing costs, which are typically paid separately from the down payment.
Frequently Asked Questions
- Do I need 20% down?
- No - many loan programs allow less, though putting down less than 20% on a conventional loan usually requires private mortgage insurance (PMI).
Related Calculators
Methodology
This calculator uses simple percentage math. See our methodology page for details.
This calculator provides estimates for educational purposes only. Actual rates, taxes, insurance, fees, and lender terms may differ. It does not constitute financial advice - consult a qualified financial professional before making financial decisions.