---
title: "Down Payment Calculator: Your Amount and Loan at Any %"
description: "Enter a home price and a percentage to see the down payment and the loan amount, from 3% to 20% and beyond. Free, instant, works on your phone."
url: "https://mcc-solutionsnj.com/bookkeeping/down-payment-calculator"
---

Free tool

# Down payment calculator

See what a down payment is for any price and how the loan amount changes at different percentages.

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Want this tracked every month? Wrenfold keeps your budget on your own device. [See Wrenfold](/personal-finance)

Price ($)

Down payment (%)

Prefer to talk it through? [Take the free books check](/bookkeeping/health-check) or [contact us](/contact).

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## Put this tool on your own site

Free to use. Paste this where you want it to appear. It runs in the visitor's browser, so nothing they enter is sent to us.

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How it works

## How it works

The down payment is **price x percentage**. The loan amount is the price minus the down payment. The table repeats the math at 3%, 5%, 10% and 20%.

FAQ

## About this calculator

**How much should I put down?**

It depends on the loan type, the lender and your budget. Lenders publish their own minimums, so ask about the programs you are considering.

**Does a larger down payment lower the monthly payment?**

Yes. It reduces the amount borrowed, which lowers the payment and the interest.

**Are closing costs included?**

No. Closing costs are separate from the down payment.

**Is anything saved?**

No. The math runs in your browser and nothing you enter is sent to us.

**Is this a quote or advice?**

No. It is a calculator for general information. Check results against your own figures before you rely on them.

Read the guide: [How Much Down Payment Do You Need?](/tools/guides/how-much-down-payment-do-you-need). Related: [business loan payment calculator](/bookkeeping/business-loan-payment-calculator), [auto loan calculator](/bookkeeping/auto-loan-calculator). See [all free tools](/free-tools). More free tools: [Receivables turnover calculator](/bookkeeping/accounts-receivable-turnover-calculator), [Operating margin calculator](/bookkeeping/operating-margin-calculator), [Compound interest calculator](/bookkeeping/compound-interest-calculator), or [see all free tools](/free-tools).

Free

### Month-End Close Checklist (PDF)

The five-day close, one page to print. Enter your email and we send a link to confirm it is yours, then the download. We may email you about new toolkits, and every email has an unsubscribe link.

General information, not tax or legal advice. [How we write and check our tools](/editorial-standards).

## Down payment examples

On a $350,000 price, here is what each percentage means. Closing costs are separate.

| Down payment | Amount | Loan amount |
| --- | --- | --- |
| 3% | $10,500.00 | $339,500.00 |
| 5% | $17,500.00 | $332,500.00 |
| 10% | $35,000.00 | $315,000.00 |
| 20% | $70,000.00 | $280,000.00 |

### Saving toward a goal

To save 20% of $350,000 ($70,000.00) in three years, set aside $70,000 / 36 = $1,944.44 a month.

### What to ask a lender

Some programs accept as little as 3% or 3.5% down, and a down payment under 20% on a conventional loan often means mortgage insurance. Ask each lender for the minimum, the insurance cost and the total cash needed at closing.

Do it yourself

### Home Buying Cost and Affordability Planner

Put in your income, debts and savings, then compare homes on the real monthly cost and the cash you need on closing day.

[See what's inside ($19)](/toolkits/home-buying-cost-planner) [Free sample](/toolkits/home-buying-cost-planner#free-starter)14-day full refund

Your down payment sets your loan-to-value; see it as a ratio with the [LTV calculator](/bookkeeping/loan-to-value-ratio-calculator).

Wrenfold

### Keep this going in a budget you own

Wrenfold keeps accounts, budgets, bills and goals on your own computer or iPhone, with budgets that roll over each month. Bring in a bank CSV or your You Need A Budget file, or keep balances current through SimpleFIN Bridge, a separate service you sign up for. $79 once, with an optional $5 a month for updates; the app keeps working if you stop. The free trial records up to 60 entries.

[See Wrenfold](/personal-finance) [Compare the three apps](/software)

## Want your books and numbers handled?

[Free health check](/bookkeeping/health-check)[Call (908) 444-6373](tel:+19084446373)