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Down Payment Calculator
Calculate down payment requirements and their impact
Home Details
Amount: $80,000
Your Down Payment
$80,000
Down Payment
20.0%
Of Home Price
$320,000
Loan Amount
80.0%
LTV Ratio
No PMI Required
Monthly Payment Impact
Principal & Interest:$2022.62
Total Monthly:$2022.62
Down Payment Scenarios
| Type | Down % | Down Amount | Loan Amount | LTV | Monthly PMI | Total Payment |
|---|---|---|---|---|---|---|
| FHA Minimum | 3.5% | $14,000 | $386,000 | 96.5% | $161 | $2601 |
| Conventional | 5% | $20,000 | $380,000 | 95.0% | $158 | $2560 |
| Lower PMI | 10% | $40,000 | $360,000 | 90.0% | $150 | $2425 |
| No PMI | 20% | $80,000 | $320,000 | 80.0% | - | $2023 |
Note: Conventional loans typically require PMI when down payment is less than 20%. FHA loans require MIP regardless of down payment amount. VA and USDA loans may offer 0% down options.