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Down Payment / House Savings

See how much to save each month to reach your down payment goal and when you'll get there.

Why plan your down payment?

A larger down payment can lower your monthly payment, help you avoid PMI (private mortgage insurance), and improve your chances of approval. Many buyers aim for 10–20% of the purchase price—or more for better rates. This tool projects how long it will take to reach your target based on your current savings and monthly contribution.

Your down payment goal

Amount you want to save for a down payment
Leave 0 to use target amount only
If house price set, target = price × this %
Amount you can add each month
e.g. high-yield savings ~4–5%