Down Payment Calculator
Down Payment Calculator
| Metric | Value |
|---|---|
| Home Price | $400,000 |
| Down Payment % | 20.0% |
| Down Payment Amount | $80,000 |
| Loan Amount | $320,000 |
| Loan-to-Value (LTV) | 80.0% |
| Closing Costs | $12,000 |
| Total Cash Needed at Closing | $92,000 |
| Monthly Savings Target | $3,833/mo over 24 months |
How the Purchase Is Funded
About the Down Payment Calculator
The down payment is the cash portion of the purchase: price × down-payment %. The loan covers the rest, giving LTV = loan ÷ price. Closing costs (typically 2–5%) are paid separately at closing, so the true cash requirement is down payment plus closing costs.
Planning the Savings
Divide the total cash needed by your savings timeline to get a monthly target. On a $400,000 home at 20% down with 3% closing costs, that is $80,000 + $12,000 = $92,000 — $3,833 per month over two years, a budget most buyers need to plan around carefully.
Frequently Asked Questions
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