Pwayko Real Estate

    Down Payment Calculator

    Explore common down payment requirements and see how much you need to save.

    Down Payment Scenarios

    3.5% - FHA Loan MinimumStandard minimum for FHA loans. Requires PMI.
    $35,000
    5% - Conventional MinimumCommon minimum for conventional loans. Requires PMI.
    $50,000
    10% - Standard ConventionalLower PMI costs, better rates.
    $100,000
    20% - Ideal Down PaymentAvoids PMI entirely. Best rates.
    $200,000
    30% - Jumbo Loan TypicalOften required for luxury / jumbo loans.
    $300,000
    Discuss Financing Options

    Exploring Your Down Payment Calculator Options

    There's a persistent myth out there that you absolutely must have 20 percent down to buy a home. That's simply not true anymore. This down payment calculator shows you the reality of your options and how different strategies can work for your specific goals.

    Sometimes it makes sense to put down less so you can keep cash on hand for renovations or other investments, even if it means a slightly higher monthly payment. Other times, putting down more is the smartest move to lock in the lowest cost of owning a home. It's all about finding the balance that fits your life.

    If you're unsure which path makes the most sense for you in today's market, reach out and we can look at the strategies together.