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Down Payment Calculator

Plan your down payment savings and see when you'll reach your goal. Currently calculating in US Dollar.

Savings Goal
Set your target home and savings plan
20%

Target: $70,000

4.5%

High-yield savings accounts offer 4-5% APY

Have a target date?

Your Progress

$15,000

of $70,000 goal

21.4%

complete

$55,000 remaining to save

Time to Goal

4y 0mo

Feb 2030

Interest Earned

+$7,436

at 4.5% APY

Total Contributions

$63,000

$1,000/mo

Savings Growth Over Time
How your savings will grow with 4.5% APY
Total Balance
Contributions
Down Payment Milestones
Common down payment percentages for a $350,000 home

5%

1y

10%

2y

15%

3y

20%

4y

25%

6y

Down Payment Tips

20% Avoids PMI

A 20% down payment eliminates private mortgage insurance, saving you hundreds per month.

FHA Loans: 3.5% Down

First-time buyers may qualify for FHA loans with as little as 3.5% down.

High-Yield Savings

Keep your down payment fund in a high-yield savings account (4-5% APY) to earn while you save.

Budget for Closing Costs

Plan for 2-5% of the home price in closing costs on top of your down payment.