Down Payment Calculator
Compare down payment options side-by-side. See how different down payment amounts affect your monthly payment, PMI, and total cost.
Down Payment Guide
How Much Down Payment Do You Need?
While 20% is the traditional recommendation (to avoid PMI), many buyers put down less. Conventional loans allow as little as 3%, FHA loans 3.5%, and VA/USDA loans 0%. The right amount depends on your savings, monthly budget, and how much PMI costs.
Saving for a Down Payment
Set up automatic transfers to a high-yield savings account. Consider down payment assistance programs in your state. Some employers offer home-buying benefits. First-time buyers may qualify for special programs allowing 3% down with reduced PMI.