🏡 Down Payment Calculator
Down payment
$40,000.00
10% of a $400,000.00 home
| Home price | $400,000.00 |
| Down payment | −$40,000.00 |
| Mortgage amount | $360,000.00 |
- Loan-to-value
- 90%
- Mortgage insurance (PMI)
- Likely required
With less than 20% down, conventional lenders usually charge private mortgage insurance until the balance falls to 80% of the home’s value. You would need $40,000.00 more to reach 20%.