Down Payment Calculator
Find how much deposit you need for a home and how much you would borrow.
Down payment needed
Amount you would borrow
The formula
Down payment = price x percent / 100. Loan = price - down payment. A larger deposit lowers your loan and often your interest rate.
Example: 20% of a 350,000 home is 70,000, leaving a loan of 280,000. In the US, a down payment under 20% often means paying mortgage insurance.
Frequently asked questions
Is 20% required?
No. Many buyers put down less, but lenders may charge extra or add insurance.
Do closing costs count?
No. They are paid on top of the down payment.
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Last updated October 2026. For information only, not financial advice.