5% down
- Down payment
- $37,500
- Loan amount
- $712,500
- Principal & interest
- $4,503
- Property taxes
- $780
- Homeowners insurance
- $200
- PMI
- $300
- HOA
- $0
Estimated monthly payment
$5,783
Calculator
Compare Your Down Payment Options
See how changing your down payment may affect cash invested, loan amount and estimated monthly housing payment.
Your assumptions
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An assumption you choose — not a quoted or available rate.
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Estimated monthly mortgage insurance assumption
These are illustrative assumptions you control, not quotes. Mortgage insurance pricing varies by borrower, loan structure and program. Standard-mode scenarios start from common assumptions and the 20% scenario defaults to $0. Custom scenarios default to $0 — no mortgage insurance is assumed for you.
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Scenario comparison
Swipe to compare each scenario.
10% down
- Down payment
- $75,000
- Loan amount
- $675,000
- Principal & interest
- $4,266
- Property taxes
- $780
- Homeowners insurance
- $200
- PMI
- $220
- HOA
- $0
Estimated monthly payment
$5,466
15% down
- Down payment
- $112,500
- Loan amount
- $637,500
- Principal & interest
- $4,029
- Property taxes
- $780
- Homeowners insurance
- $200
- PMI
- $150
- HOA
- $0
Estimated monthly payment
$5,159
20% down
- Down payment
- $150,000
- Loan amount
- $600,000
- Principal & interest
- $3,792
- Property taxes
- $780
- Homeowners insurance
- $200
- PMI
- $0
- HOA
- $0
Estimated monthly payment
$4,772
Estimated closing costs and prepaid items are not included in the down-payment figure above.
Compare the trade-off
5% vs. 20% Down
Additional cash required
$112,500
Estimated monthly payment difference
$1,011/month
A larger down payment may reduce the monthly payment, but preserving cash for reserves, investments, improvements or other financial goals can also matter. Compare the complete financial picture before deciding.
What changes?
Moving between scenarios changes three things.
$112,500
Cash difference
Moving from 5% to 20% down changes the required down payment by approximately $112,500.
$1,011
Monthly payment difference
The estimated monthly housing payment differs by approximately $1,011 between these scenarios based on the assumptions above.
$112,500
Loan balance difference
The initial loan balance differs by $112,500.
More down generally reduces the loan balance and may reduce the estimated monthly housing payment, while less down may preserve more liquidity. Which tradeoff matters more depends on the buyer's financial situation and available financing.
Next step
Want to see what these numbers look like with actual financing options?
Use the calculator to explore the scenario, then compare financing structures based on your goals.
For illustrative purposes only
This calculator provides estimates based on user-entered assumptions. It is not a loan estimate, rate quote, offer, approval or commitment to lend. Actual interest rates, APRs, payments, property taxes, insurance, mortgage insurance, closing costs and qualification vary based on the borrower, property, lender and loan program.