Home Down Payment Calculator
Calculate how much you need for a down payment and how long it will take to save. See the impact of interest earned in a high-yield savings account.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Down Payment Target
$80,000
How to Use This Calculator
- Enter the home price you are targeting.
- Set the down payment percentage — 20% avoids PMI; FHA loans allow 3.5%.
- Enter your current savings already set aside toward the down payment.
- Set your monthly contribution to this goal.
- Enter the savings account interest rate (high-yield savings accounts currently offer 4-5% APY).
- Review the down payment target, remaining to save, months to goal, and interest earned while saving.
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