Down Payment Calculator

Compare how different down payment amounts impact your monthly conventional, FHA, or VA loan payment, including any PMI or funding fee.
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*All payments are estimated for demonstration purposes only and exclude property tax and homeowner's insurance.

Conventional Loan

Common down payments when using a conventional loan are 5%, 10%, and 20%. The minimum down payment is 3%. We estimate PMI where applicable using familiar PMI rates. Work with your lender to explore PMI options.

Down PaymentPMIPayment
3%●$15,000$234$3,380
5%●$25,000$150$3,231
10%●$50,000$105$3,024
20%●$100,000$0$2,594

PMI

NOT REQUIRED
Credit Score
760-850

FHA Loan

FHA loans require a minimum 3.5% down payment. Making a 5% or 10% down payment reduces the FHA MIP and overall payment.

Down PaymentFHA MIPPayment
3.5%●$17,500$220$3,404
5%●$25,000$197$3,332
10%●$50,000$187$3,156

VA Loan

VA loans typically do not require a down payment. Making a 5% or 10% down payment will decrease the VA funding fee, particularly if you have previously used your VA home loan benefits. The funding fee is generally waived if you recieve service related disability.

Down PaymentFunding FeePayment
0%●$0$10,750$3,313
5%●$25,000$7,125$3,127
10%●$50,000$5,625$2,955
Receive VA Disability
Had Previous VA Loan

If you have an active VA loan and have no plans to pay it off when buying your new home, you may need to make a down payment. Use our VA entitlement calculator to determine how much.