Free tool
Down payment savings calculator
Add up the cash you'll need for a first home: the down payment, closing costs and moving. Then see how many months it will take to save, with interest on your savings, and how much sooner a little extra each month would get you there. Nothing is stored.
Time to reach your goal
2 years 7 months
- Cash you'll need
- $42,000
- Still to save
- $30,000
- Down payment
- $30,000
- Closing costs
- $9,000
Saving $300 more a month would get you there 7 months sooner.
With less than 20% down, many loans add mortgage insurance to the monthly cost. Check the options before you choose.
Interest is compounded monthly at the rate you enter; real rates change. Keep an emergency fund separate. Estimates only, not mortgage advice.
Shorten the wait
- Look for help. See down payment assistance.
- Check your options. See down payment options compared.
- Keep it safe. See where to keep your down payment.