Down payment plan
Estimate how long it will take to reach your target with monthly savings and optional investment growth. Illustrative only—not a prediction of market returns.
$0$10,000
Set to 0% for a simple savings account assumption. Higher rates compound monthly in this model.
Timeline
4.3 years (52 mo)
Based on your inputs and a steady monthly contribution. Actual timing will vary with real returns and spending changes.
Projected balance
Balance over time until your goal is reached (chart caps at the goal amount).
Frequently asked questions
- 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. Enter the dollar goal you are working toward here.
- How long will it take to save for a down payment?
- This tool estimates months from your starting balance, monthly savings, optional return, and goal. If the payment or return is too low relative to the goal, payoff may not show within 50 years—raise savings or adjust inputs.
- Does this include closing costs?
- No—only the down payment amount you enter. Closing costs and moving expenses are extra; pad your goal if you want one combined target.
Related free tool: Rent Affordability Calculator — Enter take-home or annual income and adjust the rent percentage to see a suggested maximum rent and yearly equivalent.