Calculators are provided for education and illustrative purposes only. The accuracy of the calculations and their applicability to your circumstances are not guaranteed. Please consult your mortgage, financial or tax advisor regarding your unique situation.
Down Payment Calculator
How much should you set aside for your mortgage down payment?
How Much Should You Put Down on Your House?
This calculator helps you get a general estimate. For a more personalized experience for your specific budget, try our Home Insight© Planner.
Check PNC's Current Mortgage Rates
FAQ
You’ll enter your purchase price, term in years and how many years you expect to stay in the home.
You can enter information about a smaller down payment (Less Down) or a larger one (More Down) and your taxes and insurance. Expand each section to see the available fields and enter what you already know.
Based on your information, the calculator will tell you how much a smaller down payment will cost you over the number of years you expect to stay in the home.
This amount is what you’ll save over time by making the larger down payment.
You can visit our Prepare Your Finances & Get Pre-Approved page to learn about down payments and how you can achieve your down payment goals.
If you have a Virtual Wallet account, you can also use digital tools like Low Cash Mode, scheduling upcoming paydays and payments, creating saving goals and moving money easily between accounts.
Your down payment is toward part of the purchase price. What you pay up front decreases the amount you’ll owe, which is the amount you’ll pay interest on. The larger your down payment, the less interest you pay over the life of the loan.
Experts recommend paying 5-20% down; if you pay at least 20% down you eliminate the need for Private Mortgage Insurance (PMI).
Mortgage rates can change daily. Check current mortgage rates.
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Next Steps
Try the Home Insight® Planner
Set your budget. Search for homes. Save your favorites.
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Rate may increase after settlement.
Digital preapproval requires the assistance of a Mortgage Loan Officer. After the first part of the application process is complete, a PNC Mortgage Loan Officer will reach out to finish the remainder of the preapproval.
Borrower must satisfy pre-approval conditions outlined in commitment letter. Final loan approval and amount are subject to verification of loan data, property appraisal and underwriting conditions.
PNC, PNC HomeHQ, PNC Home Insight and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC has a pending patent application directed at various features and functions of Home Insight® Planner. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.
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