Down payment calculator
Estimate what you may need to buy.
Enter a home price and down payment percentage to see an estimated breakdown of cash needed — including closing costs and reserves. You may need less than you think.
This is a planning estimate. Actual requirements vary by loan program and lender.
See the full cash picture.
This calculator breaks down the estimated cash needed to close — down payment, closing costs, and a cash reserve. Compare common down payment scenarios side by side and see where PMI may apply.
Includes down payment, estimated closing costs, and cash reserve.
With a 10% down payment, private mortgage insurance may be required until you reach 20% equity. PMI typically adds to your monthly payment and is not included in this estimate. A loan officer can explain your options for reducing or eliminating PMI.
These estimates are based on the numbers you entered and are for planning purposes only. Actual down payment requirements, closing costs, and reserve requirements vary by loan program, lender, and property. An Intra officer can help you understand what you may actually need.
Want a more exact estimate?
An Intra loan officer can review this scenario with your real numbers and help you understand what may change. No hard credit pull required.
Talk to an Intra loan officer →What this estimate includes
Included
- Down payment amount based on your chosen percentage
- Estimated closing costs and cash reserve
- Side-by-side comparison of common down payment scenarios
Not included
- Exact lender fees, title charges, and prepaid escrows
- Down payment assistance or gift fund eligibility
- Monthly payment, taxes, insurance, or PMI amounts
How to use this calculator
- Enter the home price you are considering.
- Choose a down payment percentage — try 3%, 10%, and 20% to compare.
- Adjust closing cost and reserve assumptions to match your market.
- Review total cash to close, then confirm program requirements with an officer.
Common questions, plain answers.
The minimum down payment depends on the loan type. Conventional loans can require as little as 3%, FHA loans require 3.5%, and VA and USDA loans may require no down payment at all. The right amount depends on your situation and goals.
Private mortgage insurance is typically required on conventional loans when the down payment is less than 20% of the home price. It protects the lender and is usually added to the monthly payment until you reach 20% equity.
Closing costs are fees paid at the time of purchase, including lender fees, title insurance, appraisal, and prepaid items like property taxes and homeowners insurance. They typically range from 2% to 5% of the home price.
Cash reserves are funds you keep after closing for emergencies and ongoing homeownership costs. Some loan programs require proof of reserves. Having 2 to 3 months of mortgage payments saved is a common guideline.
A larger down payment reduces the loan amount, may eliminate PMI, and can lower the monthly payment. However, putting more down means less cash available for reserves, repairs, or other goals. The right balance depends on your full financial picture.
Many loan programs allow gift funds from family members for the down payment. Documentation requirements vary by loan type. A loan officer can explain what is allowed for your specific program.
Several programs are available to help buyers with lower down payments, including FHA loans, conventional 97 programs, VA loans for eligible veterans, USDA loans for eligible rural properties, and state, county, and city down payment assistance programs. A loan officer can help you identify which programs you may qualify for.
Ready for the next step
Your numbers make more sense with a real conversation.
Estimates are a starting point. An Intra loan officer can show you your actual rate — based on your real situation, not a guess.
