House down payment calculator
Enter your target deposit and the date you want to buy — get the exact amount to save each paycheck. The biggest goal you'll ever save for, broken down into manageable steps.
Fill in your goal details
to see your number.
How much do you need for a down payment?
The minimum down payment varies by country and loan type. In the US, conventional loans typically require 5–20%. In the UK (as a deposit), most lenders want at least 5–10%, but 20% gives you access to significantly better mortgage rates.
5% deposit · $250k home
$12,500
Minimum for many loans
10% deposit · $250k home
$25,000
Better rate access
20% deposit · $250k home
$50,000
Best rates, no PMI
Down payment saving examples
| Target | 3 years | 5 years | 7 years |
|---|---|---|---|
| $20,000 | $556/mo | $333/mo | $238/mo |
| $40,000 | $1,111/mo | $667/mo | $476/mo |
| $80,000 | $2,222/mo | $1,333/mo | $952/mo |
These are approximate monthly figures. Use the calculator above for your exact per-paycheck amount.
Track your house deposit alongside everything else
Saving for a house alongside car expenses, holidays, and Christmas? Finchsave tracks every goal and gives you one number per paycheck.
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