Question 1

Does this include closing costs?

Accepted Answer

No. Down payment is separate from closing costs. Plan closing costs as a separate budget item.

Question 2

Can down payment be zero?

Accepted Answer

Some loan programs allow very low down payments. If your inputs include 0%, the financed principal equals the purchase price in this model.

Question 3

Does property tax or insurance change this result?

Accepted Answer

No. This calculation is purely price and percentage based. Taxes and insurance affect monthly totals but not the down payment dollars.

Down Payment Calculator

Related calculators