How much should I save in addition to my down payment?

Down payment calculator

Quick answer

Your down payment is the home price times the percentage you put down — for example, 3.5% of a $350,000 home is $12,250. Minimums are 0% for VA and USDA, 3% for many conventional loans and 3.5% for FHA. Compare scenarios below to see how down payment size changes your monthly payment and PMI.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated October 1, 2026

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Home price

Down payment percent

Interest rate

Cash you have saved

Down payment at 10%

$35,000

Plus ~$9,450 closing costs · total ~$44,450

Gap of $19,450. Consider a lower down payment, seller concessions or down payment assistance.

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Compare down payment scenarios

Down	Cash down	Loan amount	PMI/mo	Est. payment/mo
0%	$0	$350,000	$175	$2,969
3%	$10,500	$339,500	$170	$2,893
3.5%	$12,250	$337,750	$169	$2,880
5%	$17,500	$332,500	$166	$2,842
10%	$35,000	$315,000	$158	$2,714
20%	$70,000	$280,000	$0	$2,320

Minimum down payment by loan type

Loan	Minimum
VA	0%
USDA	0%
Conventional	3%
FHA	3.5%
Jumbo	10%–20%

Frequently asked questions

Plan for closing costs (2%–5% of the loan) plus a cushion of 2–3 months of payments for reserves and moving costs.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.