Down Payment Calculator
Free down payment calculator. Enter a home price and down payment percentage to see your cash needed, loan amount, and whether you'll likely pay PMI (private mortgage insurance).
✓Reviewed by the Roomvee editorial team·Updated June 2026·🔒 Runs in your browser — inputs never leave your device
Cash needed at closing
$92,000.00
down payment + closing costs
Down payment
$80,000.00
Loan amount
$320,000.00
Pays PMI?
No
20%+ down avoids PMI
How much do you really need up front?
The down payment isn’t the only cash you need to buy a home — closing costs (typically 2–5% of the price) are due at the same time. This calculator adds them together so you see the true cash needed, your loan amount, and whether your down payment will trigger PMI.
Why does 20% matter?
Putting down 20% or more usually lets you avoid private mortgage insurance (PMI), which can add a meaningful amount to your monthly payment. A bigger down payment also shrinks your loan and total interest.