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Down Payment Calculator
Work out the deposit needed for a property and the monthly payment that follows.
Deposit and payment calculator
Down payment: —
Amount to finance: —
Monthly payment: —
Total interest: — · total outlay: —
How to use the Down Payment Calculator
- Enter the property price and the deposit as a percentage of it.
- Set the interest rate and the mortgage term in years.
- Read the deposit amount, the loan to finance and the monthly payment.
Features
- Deposit as a percentage or a cash amount
- Loan left to finance after the deposit
- Monthly payment and total interest
- Runs locally, no uploads
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Frequently Asked Questions
Common questions about the free online down payment calculator.
The tool multiplies the property price by the percentage you enter and shows the cash deposit
that figure represents.
Many lenders ask for at least five to ten percent of the price, and a larger deposit usually
earns a lower interest rate.
It is the loan divided by the property price, so a twenty percent deposit leaves a loan to
value of eighty percent.
Every extra pound or dollar of deposit reduces the amount financed, so the monthly payment
and the interest both fall.
A 60000 deposit leaves 240000 to finance, which costs about 1473.81 a month over 25 years at
5.5 percent.
Yes. Divide the cash deposit by the price, multiply by one hundred and enter the result as
the percentage.
No. It covers the price and the mortgage only, so budget separately for tax, legal fees,
surveys and moving costs.
No. The whole calculation runs locally in your browser and nothing you type is sent to a
server.
Yes. Enter the property value as the price and the equity you are keeping as the deposit
percentage.
Yes. It is completely free, needs no account and has no limit on how many times you use it.
Last updated: October 10, 2026