More down isn't always more better.
Twenty percent gets rid of PMI, but it can also leave you cash-poor on day one. Slide the down payment around and see what each scenario actually costs.
The deal
Cash to put down
$130,000
Loan amount
$520,000
Monthly P&I
$3,287
Est. PMI / mo
$0
No PMI at 20%+
Compare down payment options
Total monthly payment (P&I + estimated PMI)
| Down % | Cash down | Loan | PMI / mo | Total / mo |
|---|---|---|---|---|
| 3% | $19,500 | $630,500 | $263 | $4,248 |
| 5% | $32,500 | $617,500 | $257 | $4,160 |
| 10% | $65,000 | $585,000 | $244 | $3,941 |
| 15% | $97,500 | $552,500 | $230 | $3,722 |
| 20% | $130,000 | $520,000 | — | $3,287 |
| 25% | $162,500 | $487,500 | — | $3,081 |
A real-talk note on down payments
More down isn't always better. Hitting 20% drops PMI, but draining your savings to get there can leave you cash-poor on day one. We'll help you find the spot that actually fits your life, whether that's 3%, 20%, or something in between.
This calculator is provided for informational and educational purposes only and is intended to illustrate potential scenarios based on user-selected assumptions. The results are estimates and do not constitute a loan offer, credit advertisement, commitment to lend, or guarantee of financing. Actual loan terms, interest rates, fees, APR, and monthly payments may vary based on credit qualifications, property characteristics, loan program, and other underwriting factors. Please contact us for information regarding available loan products, current rates, and applicable disclosures.
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