Down Payment Calculator
Work out your down payment and remaining loan amount from a home price and percentage.
Down payment$70,000.00
Loan amount$280,000.00
Down payment = home price × percentage ÷ 100, and the loan amount is whatever is left. On a $350,000 home, a 20% down payment is $70,000, leaving a $280,000 mortgage. A 20% down payment typically avoids private mortgage insurance (PMI).
Educational estimate only — not professional financial or medical advice.
Questions
How much is a 20% down payment?
Multiply the home price by 0.20. On a $350,000 home a 20% down payment is $70,000, and you would borrow the remaining $280,000.
Why is 20% down a common target?
Putting 20% down usually lets you avoid private mortgage insurance (PMI) and lowers the amount you finance, reducing total interest.