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What this calculator does
Work out a deposit amount from a home price or a target deposit percentage.
How to use this calculator
- Enter the home price and desired down-payment percentage.
- Review the calculation assumptions before using the result.
- The result shows cash needed and the remaining loan amount.
How to calculate
Enter the values requested by the down payment calculator.
Worked example
With the example values shown above, the down payment is $80,000.00, and the down payment percentage is 20%.
Understanding your result
The result shows cash needed and the remaining loan amount.
- Closing costs are separate from the deposit.
- Double-check values and units before calculating.
This calculator is educational and is not financial or medical advice.
Frequently asked questions
What does this down payment calculator do?
Work out a deposit amount from a home price or a target deposit percentage.
How do I use this down payment calculator?
Enter the home price and desired down-payment percentage.
What does the result mean?
The result shows cash needed and the remaining loan amount.
What should I check before relying on it?
Closing costs are separate from the deposit.
Does a bigger down payment percentage always mean a smaller loan?
Yes — the loan amount is simply the home price minus the down payment, so raising the down-payment percentage directly shrinks the amount you need to finance.
Are closing costs included in the down payment shown here?
No — this calculates the down payment itself; closing costs, which typically also need to be paid upfront, are a separate expense on top of it.