Free Down Payment Calculator
Work out your down payment, closing costs, mortgage insurance and time needed to save.
The down payment is the price times your percentage, and the loan is the rest, with a standard payment calculation. If you put down under 20 percent, a yearly mortgage insurance rate is applied to the loan; closing costs are a percentage of price, and the gap to your savings is divided by your monthly saving.
How to use the Down Payment Calculator
- Enter the amount, interest rate and term. Pick your country at the top so the currency matches.
- Compare the monthly payment, total interest and payoff date in the result.
- Change one number at a time, such as a higher payment, to see what it saves.
About the Down Payment Calculator
Work out your down payment, closing costs, mortgage insurance and time needed to save.
Borrowing is easier to judge once you can see the real cost: the monthly payment, the total interest and how long it takes to be free of the debt.
Getting started with the Down Payment Calculator
Using the down payment calculator takes a minute or two. Your entries are saved in this browser, so you can come back later and carry on.
Tips for better results
Plan for closing costs on top of the down payment, since they add several percent of the price. A smaller down payment lowers the cash needed but raises the loan and insurance cost.
Compare offers using the total cost, not just the monthly payment.
Even a small extra payment each month can shorten the term noticeably.
Privacy and where your data goes
Everything you type into the down payment calculator stays on your own device. Zapxa does not receive your numbers or documents. If you clear your browser data, your saved entries will be removed, so download a PDF of anything you want to keep.
Frequently asked questions
Do I need 20 percent down?
Not always, but under 20 percent usually adds mortgage insurance on conventional loans. Rules differ by lender and loan type.
Are closing costs included in the up-front total?
Yes, total cash needed is the down payment plus estimated closing costs. Adjust the percentage to match your quote.
Is the down payment calculator free?
Yes. It is free to use with no signup, no watermark and no usage limits.
Is my data private?
Yes. Your inputs are processed in your browser and saved only in its local storage. They are not uploaded to our servers.
Does it work on mobile?
Yes. Zapxa works on phones, tablets and desktops. Use the print button or download a PDF to keep a copy.
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