🏡 Down Payment Savings Calculator

Select your down payment percentage, enter your monthly savings, and see exactly how long until you can buy — including closing costs and HYSA interest earned along the way.

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Inputs
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Results
Down Payment Target
Down Payment Amount
Closing Costs
Total Cash Needed
Current Savings
Gap Remaining
Months to Goal
Interest Earned (to goal)
Loan Amount After Down
Down Payment = Home Price × Down Payment %
Closing Costs ≈ 2–5% of Purchase Price (varies by state)

A 20% down payment eliminates PMI (typically 0.5–1.5% of loan/year), but FHA loans allow 3.5% down. The "right" down payment depends on your timeline, PMI cost vs. returns on uninvested cash, and lender requirements. Closing costs are often forgotten — budget 2–3% on top of the down payment.