$MoneyCalc
Down Payment Calculator
Calculate how long it takes to save for a home down payment.
$50,000
$
$5,000
$
36 months
4%
%
Monthly Savings Needed
$1,161.91Remaining to Save
$45,000Interest Earned
$3,171Target Date
3y 0m from nowHow it works
A standard down payment is 20% of the home price, but many loans accept 3-10%. On a $350,000 home: 20% = $70,000, 10% = $35,000, 3% = $10,500. Below 20%, you pay PMI (private mortgage insurance) adding $50-200/month. This calculator shows how long it takes to save your target down payment based on monthly savings and investment returns.
FAQ
Do I need 20% down?
No. FHA loans accept 3.5%, conventional loans 3-5%. But under 20% means paying PMI ($50-200/month) until you reach 20% equity.
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Disclaimer: MoneyCalc provides estimates for educational purposes. These are not financial advice. For significant decisions, consult a licensed financial advisor or tax professional.