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Down Payment Calculator — Savings Goal & PMI Warnings

Plan your home down payment savings. Enter your target home price, current savings, and monthly contribution to see your timeline, total PMI cost if under.

✓ Formula verified: January 2026For informational purposes only

Down Payment Calculator

Results below

Enter Values

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Down Payment Needed
$12,250

Additional Savings Needed

Already saved!

Current Down Payment %

5.7%

Target Down Payment %

3.5%

Time to Reach Goal

Goal already met!

PMI Required?

Yes — add ~2,702/yr to your payment

Estimated PMI Cost Until 20%

~$13,375 total

Est. Monthly Payment (P&I)

$2,202

Loan Amount Needed

$337,750

What if your target home price changes? $315000 → $11,025 · $350000 → $12,250 · $385000 → $13,475

Scenario Comparison

Conservative (5%)
$16,470.09
$6,470.09 interest
Your scenario (7%)
$20,096.61
$10,096.61 interest
Aggressive (10%)
$27,070.41
$17,070.41 interest
High-risk (14%)
$40,224.71
$30,224.71 interest
Best return
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