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Over 25 years of mortgage experience, ready to walk you through your numbers in 3 minutes.
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Down Payment Calculator
Plan your savings goal and see how different down payments affect your loan. Start a conversation with Joe's AI avatar and he'll walk you through the inputs, explain the numbers, and surface the right scenario for you.
AI-Powered Guide
NMLS #273084
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Your Goals
$100,000$2,000,000
No PMI required
$0$500,000
$0$10,000
Required Down Payment
$80,000
20% of $400,000
Saved: $50,000Goal: $80,000
63%complete
Amount Needed
$30,000
Time to Goal
2 years, 6 mo
Compare Down Payment Options
| Down Payment | Amount | Monthly PMI | Est. Payment |
|---|---|---|---|
| 3% | $12,000 | $275 | $3,227 |
| 5% | $20,000 | $269 | $3,171 |
| 10% | $40,000 | $255 | $3,030 |
| 20%Selected | $80,000 | $0 | $2,523 |
* Estimates assume 6.5% interest rate, 30-year term, and 1.5% annual taxes/insurance.
Insights
At your current rate, it will take over 2 years to save enough. Consider a lower down payment percentage or increasing monthly savings.
With 20% down, you won't pay PMI, saving you money each month.
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