# Down Payment Calculator

> Convert a down payment between money and percent, then estimate loan and cash needed.

Page: https://askcalculators.com/calculator/down-payment-calculator/
Definition: https://askcalculators.com/calculator/down-payment-calculator/definition.json
JSON Schema: https://askcalculators.com/calculator/down-payment-calculator/schema.json
Version: 20.1.0
Maintained by: AskCalculators (software project; not a credentialed reviewer)
Qualified review: pending. Automated checks do not establish professional approval.
Page status: Live
Review status: Pending

## Use
Open the calculator page and enter values. Query-string parameters can restore and bookmark a calculation.
Example: https://askcalculators.com/calculator/down-payment-calculator/?homePrice=400000&mode=percent&downPaymentValue=20&closingCostRate=3

## Inputs
- homePrice: Home price; type=money; required; default=400000; min=1
- mode: Enter down payment as; type=select; required; default=percent; values=percent|amount
- downPaymentValue: Down payment value; type=number; required; default=20; min=0
- closingCostRate: Estimated closing costs; type=percent; optional; default=3; min=0; max=20

## Outputs
- cashNeeded: Estimated cash needed; format=currency; primary
- downPaymentAmount: Down payment; format=currency
- downPaymentPercent: Down payment percent; format=percent
- loanAmount: Estimated loan amount; format=currency
- closingCosts: Estimated closing costs; format=currency

## Formula
Loan amount = home price − down payment; cash needed = down payment + closing costs

## Rules
- Empty optional inputs are undefined, not zero.
- Hidden conditional inputs are ignored.
- Do not invent missing required inputs.