How to use it
- Enter the home price.
- Enter the down payment percentage.
- Click Calculate.
- Read the down payment amount and loan amount.
What the Down Payment Calculator does
Enter your home price and the percentage you plan to put down, and the tool instantly shows two numbers: the exact down payment amount and the resulting loan amount.
Knowing the down payment helps you gauge the cash you need at closing, while the loan amount tells you the principal the lender will finance. This matters for budgeting, qualifying for mortgage rates, and comparing loan offers.
How to read the results
- Down Payment Amount = Home Price × Down Payment Percentage.
- Loan Amount = Home Price – Down Payment Amount.
Use these figures to plan your savings, talk to lenders, and move forward with confidence. Because the calculation is a simple multiplication and subtraction, the result appears in milliseconds, letting you test multiple percentages without delay. You can also copy the numbers into spreadsheets or loan applications to speed up the approval process.
Pro tips
- Round percentages to one decimal for clearer results.
- Include closing costs separately; they aren't part of the down payment.
- Use the same currency for all numbers.
- Enter the percentage as a decimal (e.g., 20% = 0.20).
Real-life examples
- First‑time buyer budgeting their mortgage.
- Real estate investor comparing financing options.
- Homeowner refinancing and needing to know required cash.
Case study
Sarah wanted to buy a $350,000 house with a 20% down payment. Using the calculator she saw the down payment is $70,000 and the loan will be $280,000, letting her confirm she has enough savings before making an offer.