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Down Payment Calculator for the First-Time Home Buyer

The VA home loan and the USDA mortgage do not require a down payment. The eligible veterans are able to purchase a one to four-unit home with no down payment. Use the VA home-loan calculator to estimate the monthly loan payment with real estate taxes and homeowner's insurance. USDA loans have loan and income limits - Read more.

What kind of down payment is required for a conventional mortgage?

Currently, the down payment for a conventional mortgage, also known as a conforming loan is 5% down; however, the conventional down payment will probably be reduced to 3% and could go to zero down payment. Use the payment calculator below to estimate the conventional down payment and monthly mortgage payment with taxes and insurance.

What is the down payment requirement for an FHA mortgage?

Currently, the down payment for an FHA home loan is 3.5%. The calculator below should not be used for an FHA loan. Use the FHA calculator for a more accurate down payment and monthly payment estimate. Learn more about FHA home loans

Mortgage Payment & Down Payment Calculator
Payment Type	Principal & Interest Bi-Weekly Interest Only
Interest Rate	0.000 % 3.000 % 3.125 % 3.250 % 3.375 % 3.500 % 3.625 % 3.750 % 3.875 % 4.000 % 4.125 % 4.250 % 4.375 % 4.500 % 4.625 % 4.750 % 4.875 % 5.000 % 5.125 % 5.250 % 5.375 % 5.500 % 5.625 % 5.750 % 5.875 % 6.000 % 6.125 % 6.250 % 6.375 % 6.500 % 6.625 % 6.750 % 6.875 % 7.000 % 7.125 % 7.250 % 7.375 % 7.500 % 7.625 % 7.750 % 7.875 % 8.000 % 8.125 % 8.250 % 8.375 % 8.500 % 8.625 % 8.750 % 8.875 % 9.000 % 9.125 % 9.250 % 9.375 % 9.500 % 9.625 % 9.750 % 9.875 % 10.000 % 10.125 % 10.250 % 10.375 % 10.500 % 10.625 % 10.750 % 10.875 % 11.000 %
Term	5 Years 10 Years 15-years 20 Years 25 Years 30-years 35 Years 40 Years
Sales Price
Down Payment Percentage	0.000 % 5.000 % 10.000 % 15.000 % 20.000 % 25.000 % 30.000 % 35.000 % 40.000 % 45.000 % 50.000 % 55.000 % 60.000 % 65.000 % 70.000 % 75.000 % 80.000 % 85.000 % 90.000 % 95.000 % 100.000 %
Mortgage Amount
Annual Real Estate Taxes
Annual Home Insurance
Monthly Payment
Monthly Taxes
Monthly Insurance
TOTAL MONTHLY PAYMENT
1. Principal & Interest - Fully amortizing payment ( i.e. principal & interest)
2. Bi-Weekly - 1/2 of the fully amortizing monthly payment paid every two weeks
3. Interest Only - Interest only payment - no principal reduction