Calculate your ideal down payment for a home purchase. Compare 3%, 5%, 10%, and 20% scenarios with PMI costs and monthly payment differences to find the best strategy. Tailored with tips and guidance for Calculators with veteran-specific benefits like VA loans, tax exemptions, and military pay..
See today's rates from top lenders. Pre-qualify in minutes.
Grow your down payment fund with up to 5.00% APY.
Sponsored · We may earn a commission at no cost to you
No spam. Unsubscribe anytime.
This down payment calculator is specifically designed for Calculators with veteran-specific benefits like VA loans, tax exemptions, and military pay.. Whether you're just getting started or looking to optimize your financial strategy, this calculator provides the insights you need to make informed decisions.
Veterans & Military face unique financial considerations that generic calculators don't address. Use the tips above alongside this down payment calculator to get a complete picture of your financial situation. The calculator is completely free, runs instantly in your browser, and never stores your personal data.
Get notified about new tools, features, and exclusive deals. No spam, ever.
Down Payment
$40,000
Loan Amount
$360,000
Monthly P&I
$2,275.44
PMI Cost
$225.00
for 109 months
Total Monthly
$2,500.44
| Down % | Down Payment | Loan Amount | Monthly P&I | PMI/mo | Total Monthly | Total Interest | Total Cost |
|---|---|---|---|---|---|---|---|
3% | $12,000 | $388,000 | $2,452.42 | $371.83 | $2,824.26 | $494,873 | $948,417 |
5% | $20,000 | $380,000 | $2,401.86 | $300.83 | $2,702.69 | $484,669 | $925,282 |
10%Selected | $40,000 | $360,000 | $2,275.44 | $225.00 | $2,500.44 | $459,160 | $883,685 |
15% | $60,000 | $340,000 | $2,149.03 | $155.83 | $2,304.86 | $433,651 | $845,339 |
20%No PMI | $80,000 | $320,000 | $2,022.62 | $0 | $2,022.62 | $408,142 | $808,142 |
With 10% down, you will pay PMI of $225.00/month for approximately 109 months until you reach 78% LTV.
Monthly PMI
$225.00
PMI Duration
9y 1m
Total PMI Cost
$24,525
PMI cost by down payment level:
3% down
$53,544
5% down
$40,613
10% down
$24,525
15% down
$11,688
| Down % | Amount Needed | Remaining to Save | Months | Years | Target Date |
|---|---|---|---|---|---|
| 3% | $12,000 | Ready! | 0 | 0 | Now |
| 5% | $20,000 | $5,000 | 4 | 0.3 | Jul 2026 |
| 10% | $40,000 | $25,000 | 17 | 1.4 | Aug 2027 |
| 15% | $60,000 | $45,000 | 30 | 2.5 | Sep 2028 |
| 20% | $80,000 | $65,000 | 44 | 3.7 | Nov 2029 |
Savings Progress
This calculator provides estimates for educational purposes only. Actual costs may vary based on lender, location, and credit profile. PMI rates are estimated and may differ from your actual rate. Consult a mortgage professional for precise figures.