Down Payment Percent Calculator
Find what share of a property or car price your down payment covers.
Recent
Formula
How the calculation works
The down payment percentage is the amount you pay upfront divided by the property price, multiplied by a hundred.
Subtracting the down payment from the price gives the loan you still need, which is the figure the lender actually cares about.
Common mistakes
- Forgetting the extra costs of buying, such as registration, stamp duty and fees, which are not part of the price but still come out of your pocket.
- Confusing the down payment with the full upfront cash needed: the loan covers the price, not the taxes and charges around it.
When to use it
- Use it before making an offer, to check whether you can reach the down payment a lender expects.
- It is not a loan-eligibility check; the lender also weighs income and credit history.
Worked example
Price 5,000,000 and down payment 1,000,000 give a 20% down payment and a 4,000,000 loan.
Common questions
What is a good down payment percent?
Many home loans ask for 20% or more; below that you may pay a higher rate or need insurance.
How is the percent worked out?
Divide the down payment by the total price and multiply by 100.
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