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💵 Down Payment Calculator

Calculate how much you need for a down payment and create a realistic savings timeline. Plan your home purchase with confidence and achieve your homeownership goals.

Smart Calculations
Savings Timeline
Goal Planning

Home Purchase Goals

Purchase Information

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Current Financial Situation

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Extra amount you can save monthly toward down payment

Additional Costs to Include

Savings Plan

Ready to plan?

Enter your goals and finances to create your personalized savings timeline.

Down Payment Guide 2025: How Much Do You Really Need?

Down Payment Options by Loan Type

  • Conventional (3%): First-time buyers, private mortgage insurance required
  • FHA (3.5%): Lower credit scores accepted, mortgage insurance required
  • VA (0%): Military service required, no PMI, competitive rates
  • USDA (0%): Rural areas only, income limits, no PMI
  • 20% Down: No PMI, better rates, more equity from start

Additional Costs to Plan For

  • Closing Costs (2-5%): Appraisal, inspections, title insurance
  • Cash Reserves: 2-6 months of mortgage payments
  • Moving Expenses: $1,000-$5,000 depending on distance
  • Immediate Repairs: Budget 1-2% of home price
  • Furniture/Appliances: $5,000-$15,000 for new home

Strategies to Save Faster

Automate Savings:
  • • Set up automatic transfers
  • • Save raises and bonuses
  • • Use high-yield savings account
  • • Save tax refunds
Reduce Expenses:
  • • Cut subscription services
  • • Cook at home more
  • • Find cheaper insurance
  • • Move to lower-cost area temporarily
Increase Income:
  • • Side hustle/freelancing
  • • Sell unused items
  • • Ask for raise/promotion
  • • Rent out parking/storage