Down Payment
How much do you need to save?
This down payment calculator works out how much cash you need for your target down payment, how far your current savings take you, and how long it will take to reach your goal with a regular monthly contribution. It even lets you compare the classic 20% target with a 3.5% FHA start.
Browser-only estimate
Build your down payment plan
Enter the home price, your target down payment, and what you save each month. The timeline updates as you type.
20% is classic; FHA can start at 3.5%.
Per year, before taxes.
A larger down payment lowers your monthly payment and can avoid private mortgage insurance, but it also delays when you buy. The right number balances your budget today with your goals for the home.
Time to reach your down payment goal
3 years
- Down payment needed
- $90,000
- Still to save
- $60,000
- FHA start (3.5%): ready in
- already there
Estimates only. Your timeline also depends on closing costs, moving expenses, and lender reserve requirements.
Map Out Your Purchase PlanGet the real numbers
Bring your numbers to a free strategy call
This is a browser-only estimate to help you plan. Michael “Wiz” Wisniewski pairs the math with real lender quotes, current tax and insurance figures, and a plan that fits your goals. No obligation, no pressure.
This is a browser-only estimate. Down payment minimums vary by loan program, and a 20% down payment is not required in most Florida markets.
A lower down payment means a higher monthly payment and usually private mortgage insurance. Wiz helps you weigh the trade-off.
The return on savings is an assumption you set for growth only, not a guarantee.