Down Payment Calculator
Works out your deposit and how long saving for it will take.
Down payment
—
Share sends a link that reopens these numbers. Copy details pastes the full breakdown as a list.
Loan amount —
Still to save —
Time to save —
The formula
down payment = price × % months = amount still to save ÷ monthly saving
Interest on savings is ignored, so the time is slightly conservative.
What to watch out for
Closing costs, tax and moving costs are on top. A low deposit may also mean mortgage insurance or a higher rate.
Frequently Asked Questions
How much is a 20% down payment on 300,000?
60,000, leaving a 240,000 loan.