Down Payment Calculator

Convert a purchase price and down-payment percent into the cash you need to gather—then sanity-check the monthly saving rate.

Result

Ready.

Turning a percent into a savings target

Down payment math is simple multiplication with heavy life consequences. A calculator converts asking price and deposit percentage into a cash goal you can put on a calendar. That goal should sit beside moving costs, inspections, and a cash reserve that still exists after keys exchange.

Building the pile

Split the target across months with a savings-goal or budget tool. If the timeline only works by pausing retirement contributions or running cards, revisit the price band. Affordability and mortgage payment pages help you see whether the deposit struggle is signalling a too-expensive home.

FAQ

How much down payment do I need?
Product rules vary. Many conventional US loans discuss 3–20% ranges; UK deals often start from 5–10% deposits depending on lender and scheme. Larger deposits usually improve rates and buffers.
Does down payment include closing costs?
Not automatically. Closing costs / purchase fees are often extra cash on top of the deposit.
Should I drain my emergency fund?
Usually no. Aim to keep a survival buffer after completion day.