Your Home & Savings
$
$
$
Key milestones: 3% minimum (conventional), 3.5% (FHA), 10% (lower PMI), 20% eliminates PMI entirely. Every extra percent saved reduces your loan and monthly payment.
Down Payment Results
Down payment needed
$—
20% of home price
Progress toward your goal
0%
$0 saved
Goal: $—
Loan Amount
$—
—% financed
Monthly Payment
$—
P&I only
PMI / month
$—
at 0.9% annual
Time to Save Goal
—
at current savings rate
How long to save — at your monthly rate
3% down
—
5% down
—
10% down
—
20% down ✓
—
25% down
—
Down payment impact on your payment
| Down Pmt | Loan Amt | P&I / mo | Saves / mo |
|---|
Calculations are estimates for educational purposes. PMI rates vary by lender and credit score (typically 0.5%–1.5% annually). Savings timelines assume consistent monthly contributions with no investment returns. Consult a mortgage professional for personalized guidance.
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