finance
Down Payment Calculator
See your down payment, loan amount, and loan-to-value — and whether PMI is likely.
$
%
Down payment
$60,000.00
Loan amount
$240,000.00
Loan-to-value (LTV)
80%
PMI
Not required
How it works
- 1Enter the home price and your down payment percentage.
- 2See the down payment amount and the loan you would need.
- 3Check the loan-to-value ratio and whether PMI is likely.
Use cases
- Plan how much cash you need for a home purchase.
- See how reaching 20% down removes PMI.
- Compare the loan size at different down payments.
Frequently asked questions
When is PMI required?
Lenders typically require private mortgage insurance when the loan-to-value ratio is above 80% — i.e. a down payment under 20%.
What is loan-to-value?
The loan amount divided by the home price, as a percent. Lower LTV usually means better rates and no PMI.
Is my data stored?
No. Everything runs in your browser.
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