Down Payment Calculator

$

Understanding Down Payments

Key considerations for down payments:

  • Conventional loans typically require 5-20% down
  • FHA loans may require as little as 3.5% down
  • 20% down payment usually eliminates PMI requirement
  • Higher down payment generally means lower monthly payments
  • Credit score affects down payment requirements

Note: This calculator provides estimates based on typical loan scenarios. Actual down payment requirements and PMI/MIP costs may vary based on lender requirements, location, and other factors. Consult with a mortgage professional for specific options available to you.