Calculate Your Down Payment
Enter home price and select down payment percentage
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Down Payment FAQ
How much down payment do I need?
Minimum is 3% for conventional loans. 20% avoids PMI. The average first-time buyer puts down 8%.
What is PMI?
Private Mortgage Insurance protects lenders when you put down less than 20%. It adds 0.5-1.5% of your loan amount annually.
Based on NAR and CFPB home buying data 2026