Estimate your down payment, cash to close, monthly payment impact, and loan-to-value for different home-buying scenarios.
Down payment amount
$12,500
5.0% of the purchase price.
Estimated cash to close
$20,000
Includes down payment plus estimated closing costs.
Loan amount
$237,500
95.0% LTV after the down payment.
Monthly payment
$1,501
Principal and interest only. PMI is still likely.
Many buyers focus only on the percentage. The better question is how the chosen down payment changes both the monthly payment and the cash you still have left after closing.
3% down
$7,500
Payment: $1,533 /mo
Cash to close: $15,000
5% down
$12,500
Payment: $1,501 /mo
Cash to close: $20,000
10% down
$25,000
Payment: $1,422 /mo
Cash to close: $32,500
20% down
$50,000
Payment: $1,264 /mo
Cash to close: $57,500
A 20% down payment is not required to buy a house. It is one tradeoff point. Many buyers are better served by a smaller down payment plus stronger cash reserves for repairs, moving, and early ownership costs.
Use this estimate with a PMI calculator and closing cost calculator so you can compare the true cash hurdle against the monthly payment you are trying to protect.
Before you rely on the numbers
Countfield calculators and guides are planning aids, not personal financial advice. Review the assumptions, compare scenarios, and verify major decisions with the relevant lender, tax professional, or advisor.
Compare 3%, 5%, 10%, and 20% down scenarios so you can balance monthly payment against cash needed to close.
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