A down payment is the portion of a purchase price paid without the loan.
Down Payment Calculator
Form
Results
Down payment
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Down payment percentage
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Table of Contents
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What is Down Payment?
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How to Use This Calculator
- Enter or select Purchase amount, Loan amount.
- Check the unit beside each measurement. For a percentage or rate, use the scale and time period stated in the form.
- Choose Calculate, then compare the output with the formula and example below. If you change a value or option, calculate again to update the result.
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Formula Used
Down payment = purchase price−loan amount
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Variables Explained
| Input | What it means |
|---|---|
| Purchase amount | Use the measured or stated value for this item, with the unit or category shown beside the field. |
| Loan amount | Principal to be financed before any additional charges the form adds. |
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Worked Example
A 250,000 purchase with a 200,000 loan needs 50,000 down, or 20%.
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Why Use This Calculator?
Compare the result with the underlying statement, budget or proposed transaction. It is most useful when every amount uses the same reporting period and the same accounting definition.
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Common Mistakes
- Closing costs and reserves are additional amounts unless explicitly included.
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Frequently Asked Questions
Should I use monthly or annual figures?
Use one consistent period for every amount and rate in the relationship. If a form specifies an annual rate or a monthly amount, follow that label rather than mixing time periods.
Does the result include fees and tax?
Only the costs and taxes represented by the inputs and formula are included. A real transaction can include other charges, so compare the estimate with the underlying agreement or statement.
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Sources & References
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