Down Payment Calculator
Figure out your down payment amount and how long it takes to save for it.
Financing Split
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Frequently Asked Questions
How much should I put down?
20% avoids PMI. But many buyers put 5-10%. FHA allows 3.5%, VA and USDA allow 0%. It depends on your savings, the market, and PMI cost.
What is PMI and how much?
PMI is insurance required below 20% down. Costs 0.5-1.5% of loan annually. On $300K, that's $125-375/month. Drops off at 20% equity.
Save more or buy sooner?
If home prices rise faster than you save, buying sooner may cost less despite PMI. In flat markets, saving more makes sense.