Private Mortgage Insurance is typically required on conventional loans with a down payment under 20%, protecting the lender if you default — it adds to your monthly payment until you reach sufficient equity.

Down Payment Calculator

Real Estate & Mortgage

Calculate your down payment amount and resulting loan size, with a PMI threshold note.

Display currency

Changing the display currency only changes the symbol shown — amounts aren't converted, since this tool doesn't use live exchange rates.

Home price

Down payment (%)

Down payment amount

Resulting loan amount: $0

How this is calculated

Down Payment = Home Price × Down Payment %. Loan Amount = Home Price − Down Payment.

Frequently asked questions

What is PMI?: Private Mortgage Insurance is typically required on conventional loans with a down payment under 20%, protecting the lender if you default — it adds to your monthly payment until you reach sufficient equity.

Mortgage Calculator

Calculate your mortgage payment and full amortization schedule.

Mortgage Affordability Calculator

Estimate the maximum home price you can afford based on income, debts, and down payment.

Closing Cost Calculator

Estimate the closing costs on a home purchase as a percentage range of the price.