Down Payment Calculator — Plan Your Home Purchase Savings
Calculate how much down payment you need for a home and how long it will take to save. Compare 5% 10% and 20% down payment scenarios with monthly savings plans.
The down payment is often the biggest hurdle to homeownership. In India most banks require 10-25% down payment while in the US conventional loans require 5-20% with PMI applying below 20%. Our calculator helps you determine the exact amount needed set a monthly savings target and see how long it takes to reach your goal. Planning your down payment early and investing wisely can accelerate your homeownership timeline by years.
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Key Information
| Parameter | Details |
|---|---|
| US Conventional Loan Minimum | 3% - 5% down payment |
| US FHA Loan Minimum | 3.5% down payment |
| India Home Loan Minimum | 10% - 20% down payment |
| PMI Cost (below 20% down) | $100 - $300/month typical |
Plan your down payment savings
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Use Calculator NowFrequently Asked Questions
How much down payment for a $400000 home?
At 20% down you need $80000 to avoid PMI. At 10% down you need $40000 but will pay PMI of $150-$250/month. At 5% down you need $20000 with higher PMI of $200-$350/month. On a $400000 home putting 20% down instead of 5% saves approximately $45000-$75000 over the life of the loan through avoided PMI and lower interest costs.
How long will it take to save for a down payment?
If you need $60000 and can save $2000/month it takes 30 months in a regular savings account. Investing in a conservative bond fund earning 5% reduces the time to 28 months. Saving $3000/month cuts it to 20 months. Start a dedicated down payment fund separate from other savings and automate monthly transfers to stay on track.
Is it better to put more down or invest the difference?
Putting 20%+ down avoids PMI and reduces your monthly payment and total interest. However if you can earn higher returns investing (8-10% in stocks vs 6-7% mortgage rate) keeping a smaller down payment and investing the difference may build more wealth mathematically. The best approach depends on your risk tolerance and whether you qualify for a competitive rate with less down.
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Last updated: 24 March 2026