How much should I save for a house down payment?

It depends on your price range and loan type. Many buyers aim for 3–20% of the home price, but your lender and market will matter. Use the links above, or contact a real estate agent in your area, to develop an estimate for your situation.

Does this include closing costs?

No. This covers only the down payment amount you enter. Closing costs and moving expenses are extra. Use the links provided above to estimate your closing costs and add that to your goal if you want one combined target.

House Down Payment Calculator | Save for a Home | Timeline

How long could it take to save for your down payment?

Saving for a down payment is easier when you know how long the path might be at your current savings rate. This tool projects your balance month-by-month with optional compound growth.

This calculator assumes you already have a rough down payment dollar goal. If you are still figuring out that number from a home price, loan term, and rate, Redfin’s mortgage calculator is a popular choice with a clear payment breakdown (principal, interest, taxes, insurance, and PMI). If you are not sure what price range fits your budget, NerdWallet’s home affordability calculator lets you stress-test income, monthly debts, and down payment against typical affordability rules. You can also talk with a real estate professional or lender for advice tailored to your market and loan type.

Return assumptions are illustrative only. Actual investment results vary, and many people keep house savings in cash or conservative accounts as the purchase gets closer.

Down payment plan & timeline

Estimate how long it will take to reach your target with monthly savings and optional investment growth (illustrative purposes only).

Down payment goal

Already saved

Monthly contribution: $900

$0$10,000

Expected annual return (illustrative): 4%

Set to 0% for a simple savings account assumption. Higher rates compound monthly in this model.

Timeline

4.3 years (52 months)

Based on your inputs and a steady monthly contribution. Actual timing will vary with real returns and spending changes.

Projected savings balance over time

Balance over time until your goal is reached (chart caps at the goal amount).

Related free tool: Rent Affordability Calculator — Enter gross monthly or annual income and adjust the rent percentage to see a suggested maximum rent and yearly equivalent.

Down payment plan & timeline

Projected savings balance over time

Budget management for everyday households.