Down Payment Calculator
The three calculations below offer different ways to help calculate an estimated down payment.
Modify the values and click the calculate button to use
Use the Upfront Cash Available
If the amount of upfront cash available and down payment percentages are known, use the calculator below to calculate an estimate for an affordable home price.
Down Payment Calculator (Use the Upfront Cash Available)
This calculator helps you estimate the maximum home price you can afford based on the cash you have available for upfront costs, including your down payment and closing costs. Simply input your available funds, desired down payment percentage, estimated closing costs, loan terms, and interest rate to calculate:
- Affordable Home Price – The maximum purchase price based on your available cash
- Down Payment Amount – The portion paid upfront as a percentage of the home price
- Closing Costs – Estimated fees (e.g., appraisal, title insurance, taxes)
- Loan Amount – The mortgage balance after the down payment
- Monthly Payment – Estimated principal and interest payment
Ideal for:
- First-time homebuyers determining their budget
- Buyers who want to maximize their purchasing power with available savings
- Anyone planning to buy a home and wants to estimate costs
How It Works:
- Enter your total upfront cash available.
- Set your desired down payment percentage (typically 3%–20%).
- Include estimated closing costs (usually 2%–5% of the home price).
- Input the loan interest rate and term (e.g., 30 years).
- Click “Calculate” to see your estimated home price and monthly payment.
This tool simplifies financial planning by breaking down costs, helping you make informed decisions when shopping for a home. �🏡