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Down Payment Calculator

Learn how much cash you need to buy the home you have in mind. This tool estimates your total "cash to close," including the down payment and closing costs.

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20%

Total Estimated Cash to Close

$0

Breakdown

Down Payment

$0

Estimated Closing Costs

$0

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Enter your info to receive this exact breakdown in your inbox, plus information on down payment assistance programs.

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What's Included in "Cash to Close"?

"Cash to close" is the total amount of physical money you need to bring on closing day. It includes two main parts:

  • Your Down Payment: The percentage of the home's price you pay upfront. While 20% is traditional, many loans like FHA loans (3.5%) or conventional loans (3-5%) require much less.
  • Closing Costs: These are fees for services required to finalize the loan, such as appraisal, title insurance, and lender fees. You can learn more in our Arizona Closing Costs Guide.

Don't let this number intimidate you. Many first-time homebuyer programs offer down payment assistance to help cover these exact costs.

Down Payment FAQs

Do I really need 20% down to buy a house?
Absolutely not. That is one of the most common myths in real estate. First-time buyers can often purchase a home with as little as 3% down using a Conventional loan, 3.5% down using an FHA loan, or 0% down if they qualify for a VA loan.
Can I use gift funds for my down payment?
Yes! Most loan programs allow you to use a documented financial gift from an acceptable family member to cover your entire down payment and closing costs. We will provide you with a specific "Gift Letter" form for your relative to sign during underwriting.
Are closing costs included in the down payment?
No, they are separate. Your total "cash to close" equals your down payment PLUS your closing costs (which average 2% to 4% of the purchase price). This calculator adds them together so you aren't surprised at the closing table.