Down Payment Calculator
Calculate your exact down payment dollar amount, down payment percentage, remaining mortgage loan balance, and Loan-to-Value (LTV) ratio from any home purchase price.
Purchase Price & Down Payment Inputs
20.00% of Purchase Price (80.00% LTV)
Down Payment & Remaining Loan Formula
Down Payment ($) = Purchase Price ร (Down Payment % รท 100) | Remaining Loan = Purchase Price โ Down Payment- Down Payment Percentage = (Down Payment Amount รท Property Purchase Price) ร 100.
- Remaining Loan Amount = Property Purchase Price โ Down Payment Amount.
- Loan-to-Value (LTV) Ratio = 100% โ Down Payment Percentage.
Step-by-Step Worked Example
Calculation Steps:
- Down Payment Amount = $400,000 ร 0.15 = $60,000
- Remaining Loan Amount = $400,000 โ $60,000 = $340,000
- Loan-to-Value (LTV) Ratio = ($340,000 รท $400,000) ร 100 = 85.00%
How to Use This Calculator
- 1Enter the property purchase price.
- 2Select whether you want to specify a Down Payment Percentage (%) or a fixed Dollar Amount ($).
- 3Review the calculated down payment, remaining mortgage balance, and whether the LTV exceeds the standard 80% conventional PMI threshold.
Assumptions & Limitations
- Conventional mortgages typically require Private Mortgage Insurance (PMI) when the down payment is less than 20% (LTV > 80%).
- Excludes buyer closing costs and prepaid escrow items; use the Cash to Close Calculator for total funds needed at settlement.
Frequently Asked Questions
Do I have to put 20% down to buy a house?
No. While 20% down avoids Private Mortgage Insurance (PMI) on conventional loans, qualified buyers can often put down 3% to 5% on conventional loans, 3.5% on FHA loans, or 0% on VA and USDA loans.
Is my earnest money deposit part of my down payment?
Yes. Earnest money paid when your purchase contract is accepted is held in escrow and credited toward your down payment and closing costs at settlement.
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