Down Payment 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
80.00
Down Payment Calculator
Down payment
20.0000 %
Down payment
20.00
Loan-to-value (LTV)
80.0000 %
Purchase price
100.00
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.

How this is worked out

4 steps
  1. Down payment = 20
  2. Amount financed = price - down = 100 - 20 = 80
  3. Down payment % = 100 x 20 / 100 = 20%
  4. LTV = 100 x 80 / 100 = 80%

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