Down Payment Calculator

Use this down payment calculator to get an estimate.

This down payment calculator provides customized information based on the information you provide. But, it also makes some assumptions about mortgage insurance and other costs, which can be significant. It will help you determine what size down payment makes more sense for you given the loan terms.

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Determine what your ideal down payment amount should be.

A down payment is a portion of the cost of a home that you pay up front. It demonstrates your commitment to investing in your new home. Generally, the more you put down, the lower your interest rate and monthly payment. There are also low or no-down payment options available on certain types of mortgage products, to qualified home buyers. Use this down payment calculator to help you answer the question “how much should my down payment be?”.

Estimated monthly payment and APR example: A $225,000 loan amount with a 30-year term at an interest rate of 3.875% with a down-payment of 20% would result in an estimated monthly payment of $1,058.04 with an Annual Percentage Rate (APR) of 3.946%.¹

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Disclosures

The interest rate identified in the estimated monthly payment and APR example is not indicative of current market rates and is for educational purposes only. The estimated monthly payment and APR calculation are based on borrower-paid finance charges of 0.862% of the base loan amount. If the down payment is less than 20%, mortgage insurance may be required, which could increase the monthly payment and the APR. The estimated monthly payment does not include amounts for taxes and insurance premiums and the actual payment obligation will be greater.

Calculators are provided by Leadfusion. This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect U.S. Bank product terms. The information cannot be used by U.S. Bank to determine a client's eligibility for a specific product or service. All financial calculators are provided by the third-party Leadfusion and are not associated, controlled by or under the control of U.S. Bank, its affiliates or subsidiaries. U.S. BANK is not responsible for the content, results, or the accuracy of information.

Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Visit usbank.com to learn more about U.S. Bank products and services. Mortgage, home equity and credit products offered by U.S. Bank National Association and subject to credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC.

Equal Housing Lender

Use this down payment calculator to get an estimate.

See how much you might be able to borrow.

Have you found a home? Start your application process.

Reach out to an experienced loan officer.

Determine what your ideal down payment amount should be.

Check out today’s mortgage rates.

Learn more about mortgages.

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