Work out the down payment amount and loan needed.
Calculated locally in your browser.
Understanding your result
A larger down payment reduces the loan and often the interest rate and insurance.
Formula and method
Down payment = price × percent ÷ 100. Loan amount = price − down payment.
Assumptions and limitations
This covers the deposit and loan only. Budget separately for closing costs, taxes and — below about 20% down — mortgage insurance.
Worked example
20% on a 300,000 home is a 60,000 deposit and a 240,000 loan.
How to use this tool
- Enter the home price.
- Enter the down payment percentage.
Common mistakes to avoid
- Forgetting closing costs on top of the deposit.
About the Down Payment Calculator
See how much deposit a given down-payment percentage requires and the resulting loan amount.
Who should use this tool
Home buyers planning how much deposit to save and how large a loan they will need.
Benefits
- Turn a down-payment percentage into a clear cash amount.
- See the loan amount you will need to finance.
- Compare different deposit sizes instantly.
Practical use cases
- Setting a savings target for a house deposit.
- Checking the loan size for a given deposit.
- Comparing 10% versus 20% down.
Frequently asked questions
How much down payment is typical?
It varies by market and loan type, commonly between 5% and 20%.