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Down Payment Calculator - Home, Car, Loan
Free down payment calculator. Calculate how much to put down on a house, car, or other purchase. See loan amount needed.
Down Payment Calculator
Calculate down payment and loan amount
Results
Enter your values to see results
and click the "Calculate" button
Down Payment Calculator
Calculate how much you need for a down payment and how much you'll need to borrow. A larger down payment means lower monthly payments and often better loan terms.
Down Payment Formula
Down Payment = Price × (Percentage / 100) | Loan = Price - Down Payment
Standard home down payments: 20% (no PMI), 10%, 5%, or 3.5% (FHA). Cars: typically 10-20%.
Frequently Asked Questions
Why is 20% down payment recommended for homes?
With 20% down, you avoid Private Mortgage Insurance (PMI), get better interest rates, and have immediate equity. However, lower down payments are available.
What is PMI?
Private Mortgage Insurance protects the lender if you default. It's required for down payments under 20% and typically costs 0.5-1% of the loan annually.
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