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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

House price (optional)
Set to 0 to use target amount below; otherwise target = price × down %
Down payment %
Used when house price > 0
Target down payment
Used when house price is 0; otherwise computed from price × down %
Current savings
Monthly contribution
Amount you can add each month
Savings interest rate (% per year)
e.g. high-yield savings ~4–5%

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Upgrade to Premium to save and compare down payment scenarios, export PDF and CSV reports, and get AI-generated plain-language explanations of your specific results.

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