House Down Payment Calculator
Quick answer
Down payment dollars = price × down %; loan = price − down. If your down savings are fixed in dollars, higher price means higher LTV unless you add cash.
For a related estimate, see 20 Percent Down Calculator.
Explore further: Down Payment Calculator · Biweekly Mortgage Calculator
Dollars vs percent
Percent down scales with price; fixed-dollar down does not—moving to a more expensive home with the same down payment raises LTV.
Explore further: Closing Cost Calculator · Debt To Income Calculator
Primary angle: price shopping with a savings cap—you know how much cash you can put down (or won’t exceed), and you want the implied loan at different list prices. Same down percent means different dollar amounts as you move up or down the price ladder.
How to use this calculator
- Fix dollars or percent: “$60k down” behaves differently from “10% down” when you change price—pick one story.
- Stress price +5%: If you stretch list price, LTV and PMI can change even if down dollars stay flat.
- Cross-check payment: Tie each scenario to a full mortgage budget when you add tax and insurance.
Real-world examples
- Example: $55k saved, comparing $380k vs $420k purchase: $55k on $380k ≈ 14.5% down; on $420k ≈ 13.1% down—same cash, higher LTV on the pricier house (illustrative).
- Sensitivity check: Nudge the rate by about +0.5% and the principal by about −5%. If the payment, break-even, or target amount moves enough to change your decision, you are still on a steep part of the curve where small inputs matter.
Explore further: Home Affordability With Taxes
What this means
Fixed-dollar down raises LTV when price goes up—if the payment gets uncomfortable, the fix is often price or more cash, not a lower rate alone.
FAQ
How is this different from the generic down payment calculator?
Same math, different question: this page emphasizes moving list price while holding your down cash or percent strategy fixed.
Is this a loan commitment?
No. Outputs are educational estimates. Final payments, APR, and fees come from your lender’s disclosures.
Why does my amortization schedule differ slightly?
Rounding, day-count conventions, and first-payment timing shift pennies. Use the schedule for directionally correct totals.