Home Buyer Savings Calculator

Calculate the amount needed to save for buying a home.

  • Methods explained
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  • Compare saved scenarios

Home Details

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Your Savings

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Home Buying Savings Plan

Down Payment Needed$80,000
Closing Costs$12,000
Total Needed$92,000
Current Savings$25,000
Additional Needed$67,000
Time to Goal4
Progress27%

At $1,500/month, you could be ready to buy by February 2030!

How it works›

Model and assumptions. Solves the compound-savings equation for the deposits or time needed to reach the entered target after growing the current balance. Rates and contributions are held constant; market losses, fees, taxes and changes in the target are not forecast.OpenStax: annuity formulas