Down Payment Calculator
Plan your path to homeownership by calculating your required down payment. See how long it will take to save based on your current savings, monthly contributions, and savings rate.
Inputs
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Results
Down Payment Needed
$70,000
Still Need to Save
$55,000
Months to Goal
48
Interest Earned
$7,436
Savings Progress
Down Payment Funding
Savings Timeline
| Month | Contribution | Interest | Balance |
|---|---|---|---|
| 1 | $1,000.00 | $56.25 | $16,056.25 |
| 6 | $1,000.00 | $76.20 | $21,397.21 |
| 12 | $1,000.00 | $100.65 | $27,939.72 |
| 18 | $1,000.00 | $125.64 | $34,630.82 |
| 24 | $1,000.00 | $151.21 | $41,473.88 |
| 30 | $1,000.00 | $177.36 | $48,472.37 |
| 36 | $1,000.00 | $204.10 | $55,629.81 |
| 42 | $1,000.00 | $231.44 | $62,949.80 |
| 48 | $1,000.00 | $259.41 | $70,000.00 |
Last updated: Reviewed by the CalcMountain editorial team
Frequently Asked Questions
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