Free tool
Down payment calculator
Updated November 6, 2026. Runs entirely in your browser; nothing you type is sent anywhere.
Enter a purchase price and a down payment as a percent or a dollar amount. You'll see the down payment dollars, loan principal, an optional closing-cost sketch, a cash-to-close total, and one calm sentence you can adapt. This is arithmetic only—not a loan estimate, not a mortgage approval, and not financial advice.
How to use the number
- Re-run with a real lender quote for closing costs; the percent field is only a planning sketch.
- For monthly principal+interest after the down payment, see the free mortgage payment calculator. For ownership vs rent, see the rent vs buy calculator.
- When the hard part is the landlord, lender, raise, or offer call that funds the cash, use a script.
What to say when cash or housing is the bottleneck
Knowing the cash-to-close sketch is step one. Saying the next line on a bill, landlord, raise, or offer call is where people freeze. The Bills Kit ($19) gives word-for-word lines for bill and landlord moments plus Call Mode. If pay is the lever that makes the down payment realistic, see the Offer Kit ($29). One-time purchase, 14-day refund on both.
Get the Bills Kit, $19 Get the Offer Kit, $29
How does this down payment sketch work?
It takes a home (or purchase) price and a down payment as a percent or a dollar amount, then shows the down payment dollars, the loan principal left, an optional closing-cost sketch as a percent of price, and a rough cash-to-close total (down + closing costs). It ignores prepaid items, credits, PMI nuances, and lender fees beyond your closing-cost percent.
Is 20% always required?
No. Many loans allow lower down payments, sometimes with mortgage insurance or other costs. This page does not decide which loan program fits you.
Is this a mortgage approval or financial advice?
No. It is simple arithmetic on the numbers you enter, plus a sample sentence you can adapt. It is not a pre-approval, appraisal, tax advice, or a substitute for a qualified professional.
What closing-cost percent should I enter?
Ask your lender or title company for a quote. A common teaching range for rough planning is about 2% to 5% of price, but your market and loan type can sit outside that. Leave it at 0 if you only want the down payment math.
Guidance only, not legal, financial, or tax advice. The calculator does simple arithmetic on the numbers you enter.