Down Payment Calculator
See how different down payments change your loan amount and estimated monthly payment.
Down payment
$80,000
Breakdown
- Loan amount
- $320,000
- Estimated payment (P&I)
- $1,970
Last updated:
FAQ
Why do lenders like 20% down?
At 20% you avoid private mortgage insurance and present lower risk, which unlocks better pricing on many loans.
Can I put down less?
Yes — many programs allow 3–5% down, but you will pay PMI until you build enough equity.
Is a bigger down payment always better?
It lowers the payment and interest, but draining your emergency fund to do so can be riskier than a slightly larger loan.
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