20% of $360,000
Track lender quotes, rate-lock dates, and notes.
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%
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Save the down. Land the keys.
Current$0
Target$106,500
CloseJul 15, 2028
Monthly$4,253
Preview — this app is in early development. Outputs may change as we polish it.
30 seconds to your first savings plan. Monthly path to your goal.
Target purchase date
731 days away
💰Estimate
$106,500
29.6% of price🎯Target cashi
$
🏷️Home price
$
Region
Down-payment tier
Pick a region and a down-payment tier to populate estimates for every item.
0/9 doneNext up: Lender pre-approval / origination prep by Jan 15, 2028
Region scales fixed-dollar items (inspection, appraisal, attorney). Down-payment tier sets the percent on the down-payment line. PMI status flips at 20 % conventional.
Low-cost area×0.80
Mid-cost area×1.00
High-cost area×1.15
Very-high-cost area×1.30
Metro-extreme×1.55
FHA · 3.5 %PMI
Conventional · 5 %PMI
Conventional · 10 %PMI
Conventional · 15 %PMI
Conventional · 20 %—
Conventional · 25 %—
Savings plan
24 months until target dateCurrent savings
$
Monthly contribution
$
HYSA APYi
%
Add your current savings and a monthly contribution above to see whether you're on track for your target date.
Items
DoneDetails
19 items$106,500—
3% of $360,000
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1% of $360,000
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0.5% of $360,000
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1.5% of $360,000
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Total$106,500—
Total
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$106,500
Actual
—
Home Down Payment Planner
Learn more about this calculator
Saving for a down payment is one of the most common multi-year goals, and most calculators stop at "target ÷ months." Real planning has to account for the HYSA you actually hold the cash in, the contributions you can actually make, and what happens to the timeline when either number changes.
Set the home price and down-payment percent, choose your bank (or type the APY), enter what you can save monthly, and the planner returns the close date, the gap if you fall short, and the contribution change needed to hit a specific date. Pair with the Home Buy Calculator for total cost of ownership once the target lands.
What this calculator covers
Use these as a quick scope check before you rely on the output.
- •Target solver — set the date or the contribution; we compute the other
- •HYSA APY field with sensible defaults for common high-yield banks
- •Monthly contribution glide path with optional one-time deposits
- •Linked to the same savings engine as the rest of the Budget Suite
- •Save and share scenarios with a partner
Frequently asked questions
What down-payment percent should I aim for?
Conventional loans typically expect 20% to avoid PMI (private mortgage insurance); FHA can go as low as 3.5% with mortgage insurance; VA loans can be 0% for eligible buyers. The planner just takes whatever percent you pick — pair with the Home Buy Calculator to see how the chosen percent flows into the monthly payment and total interest.
How does the HYSA APY affect the timeline?
For a one- to three-year save, the APY moves the date by weeks, not months — the dominant lever is your monthly contribution. The field is there so the projection matches what your actual savings account does; for longer horizons (4+ years) the compounding starts to matter.
Do I need to create an account?
No. The planner works without signing in. If you want to save scenarios or share them, sign-in is free with Google or email.
Should I save for closing costs separately from the down payment?
Yes. The down payment is only one part of cash to close. Save separately for lender fees, title costs, inspections, appraisals, prepaid taxes and insurance, moving costs, and a post-close emergency cushion.
Should I wait until I have 20% down?
Not always. A larger down payment can reduce monthly costs and may avoid PMI, but waiting can also mean higher prices, missed homes, or rent paid for longer. Compare 5%, 10%, and 20% scenarios against the monthly payment and your cash cushion.
Related calculators
Other tools that pair well with the Home Down Payment Planner. They cross suites because life does.