Down Payment Auto Calculator

Cash paid up front. Used when the entry mode is an amount.
Used when the entry mode is a percentage. 20% avoids mortgage insurance on a conventional loan.
Amount financed
27,000.00
Down Payment Calculator
Down payment
10.0000 %
Down payment
3,000.00
Loan-to-value (LTV)
90.0000 %
Purchase price
30,000.00
Worked out from CFPB - Loan-to-value ratio and your down payment.
Pure arithmetic on price and down payment: closing costs, trade-ins, taxes, fees, lender requirements and assistance programmes are excluded.
Above 80% loan-to-value most conventional mortgage programmes require mortgage insurance; auto lenders price the extra risk into the rate.

How this is worked out

4 steps
  1. Down payment = 3000
  2. Amount financed = price - down = 30000 - 3000 = 27000
  3. Down payment % = 100 x 3000 / 30000 = 10%
  4. LTV = 100 x 27000 / 30000 = 90%

Results are general information, not financial, tax, legal, medical or engineering advice.