Down Payment Calculator
Down payment calculator: how much you need to put down on a house for a given percentage, the resulting loan amount and the 20 % benchmark.
D = p · H
How to use this calculator
- Choose the quantity you want under “Solve for”.
- Type the known values and pick their units: any combination works.
- The result updates as you type. Open “Show the steps” to see the substitution.
Putting 20 % down usually avoids private mortgage insurance (PMI) on conventional loans; FHA loans allow 3.5 %.
Formula
D = p · H
| Symbol | Quantity | Units |
|---|---|---|
| H | Home price | $, €, £ |
| p | Down payment | %, × |
| D | Down payment amount | $, €, £ |
Worked example
Given: H = 400,000.00 $ · p = 20 %
D = p H
Result: D = 80,000.00 $
Down payment amount for different values of Home price
| H · Home price | D · Down payment amount |
|---|---|
| 200,000.00 $ | 40,000.00 $ |
| 300,000.00 $ | 60,000.00 $ |
| 360,000.00 $ | 72,000.00 $ |
| 400,000.00 $ | 80,000.00 $ |
| 440,000.00 $ | 88,000.00 $ |
| 500,000.00 $ | 100,000.00 $ |
| 600,000.00 $ | 120,000.00 $ |
| 800,000.00 $ | 160,000.00 $ |
Other values as in the worked example.
Frequently asked questions
$400,000 home with 20 % down?
$80,000 down, $320,000 loan.
Related calculators
- Debt Snowball & Avalanche Calculator
- Interest-Only Loan Calculator
- Balloon Payment Calculator
- EMI Calculator (Loan EMI)
- P/E Ratio Calculator
- NPV Calculator (Net Present Value)
- IRR Calculator (Internal Rate of Return)
- CPM Calculator (Cost per 1,000 Impressions)
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