Down Payment Calculator
Compare down payment scenarios and see how they affect your monthly payment and PMI.
| Down % | Down Payment | Loan Amount | P&I | Est. PMI | Total P&I+PMI |
|---|---|---|---|---|---|
| 0% (VA/USDA) | $0 | $400,000 | $2,594 | $167 | $2,761 |
| 3% | $12,000 | $388,000 | $2,517 | $162 | $2,678 |
| 3.5% (FHA) | $14,000 | $386,000 | $2,504 | $161 | $2,664 |
| 5% | $20,000 | $380,000 | $2,465 | $158 | $2,623 |
| 10% | $40,000 | $360,000 | $2,335 | $150 | $2,485 |
| 15% | $60,000 | $340,000 | $2,205 | $142 | $2,347 |
| 20% ★ No PMI | $80,000 | $320,000 | $2,076 | — | $2,076 |
| 25% | $100,000 | $300,000 | $1,946 | — | $1,946 |
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Understanding Down Payment Options
How Much Should You Put Down?
The right down payment depends on your loan program, budget, and goals. Putting 20% down eliminates private mortgage insurance (PMI), but many programs allow significantly less — as low as 0% for VA and USDA, or 3–3.5% for conventional and FHA.
Trade-Offs to Consider
A larger down payment means a smaller loan, lower monthly payments, and less total interest. A smaller down payment preserves cash for renovations, reserves, or investments — but may require mortgage insurance and result in a higher monthly cost.
Important Caveats
PMI estimates are approximate (actual PMI depends on credit score, LTV, and lender). Some loan programs have specific down payment requirements. This calculator does not include property taxes, insurance, or HOA in the payment comparison.
Calculator results are estimates only and are not a loan approval, offer to lend, or guarantee of rate, payment, or terms. Actual payment, rate, fees, and loan terms may vary based on borrower qualifications, lender guidelines, taxes, insurance, and other factors. Scout Financial Group Inc DBA Airus Lending is a licensed mortgage broker (NMLS #2187418).