Home / 5% Down Payment

5% Down Payment Mortgage Calculator

A popular low down payment option for first-time buyers. Requires PMI until you reach 20% equity.

Home Price ($)

Down Payment (%)

= $20,000

Interest Rate (%)

Loan Term

Monthly Payment

$2,528

Loan Amount

$380,000

Total Interest

$530,134

Total Cost

$930,134

Down Payment$20,000 (2.2%)

Principal$380,000 (40.9%)

Total Interest$530,134 (57.0%)

Down Payment

$20,000

on $400,000 home

Monthly P&I

$2,528

7% rate, 30yr

PMI Estimate

$222/mo

~0.7% of loan/yr

Total Interest

$530,134

over 30 years

Monthly Payment with 5% Down by Home Price

Home Price	Down Payment	Loan Amount	Monthly P&I	Total Interest
$150,000	$7,500	$142,500	$948	$198,800
$200,000	$10,000	$190,000	$1,264	$265,067
$250,000	$12,500	$237,500	$1,580	$331,334
$300,000	$15,000	$285,000	$1,896	$397,600
$350,000	$17,500	$332,500	$2,212	$463,867
$400,000	$20,000	$380,000	$2,528	$530,134
$450,000	$22,500	$427,500	$2,844	$596,401
$500,000	$25,000	$475,000	$3,160	$662,667
$600,000	$30,000	$570,000	$3,792	$795,201
$700,000	$35,000	$665,000	$4,424	$927,734
$750,000	$37,500	$712,500	$4,740	$994,001
$800,000	$40,000	$760,000	$5,056	$1,060,268
$900,000	$45,000	$855,000	$5,688	$1,192,801
$1,000,000	$50,000	$950,000	$6,320	$1,325,335

Rate	15-Year	30-Year	Interest Saved (15yr)
5.5%	$3,105	$2,158	$217,850
6%	$3,207	$2,278	$242,987
6.5%	$3,310	$2,402	$268,832
6.75%	$3,363	$2,465	$282,004
7%	$3,416	$2,528	$295,335
7.25%	$3,469	$2,592	$308,819
7.5%	$3,523	$2,657	$322,449
8%	$3,631	$2,788	$350,124