Home Down Payment Savings Timeline Calculator
Enter your target down payment, current savings, monthly contribution, and expected savings interest rate to see exactly when you'll hit your goal, plus a year-by-year growth breakdown.
About this calculator
Project how many months it will take to save your home down payment based on your current savings, monthly contribution, and expected interest on your savings, with a year-by-year growth breakdown.
Frequently Asked Questions
Does this account for compounding interest?
Yes, the calculator compounds your savings monthly at the annual rate you specify, then adds your monthly contribution.
What if my contribution amount will increase over time?
This calculator assumes a fixed monthly contribution. For a more precise projection, rerun the calculation periodically as your contribution changes.
What interest rate should I use?
Use the APY of your savings account, money market account, or CD if your down payment funds are sitting there.