House down payment tracker
Work out your down payment and closing costs, then save 1% at a time.
Buying a home usually takes two piles of cash: the down payment and the closing costs. This tracker helps you work out both, using the price range you are aiming for.
Your total goal is split into 100 boxes, so each one is 1%. Color them in as you save, and watch the house get closer.
How it works
Multiply your target price by the down payment percent, then add closing costs, inspection, moving and a cushion. That is your goal. Divide it by 100 so each box is 1%, and color them in as you save.
| Home price | 3.5% | 10% | 20% |
|---|---|---|---|
| $200,000 | $7,000 | $20,000 | $40,000 |
| $300,000 | $10,500 | $30,000 | $60,000 |
| $400,000 | $14,000 | $40,000 | $80,000 |
How to use it
- Write your target price and down payment percent, and work out the amount.
- Add an estimate for closing costs and moving. That is your goal.
- Divide by 100 and color in a box each time you save that much.
Ways to use it
- First home: check whether you qualify for a lower down payment program.
- Couples: one tracker, two colors.
- Renting first: use it for a deposit and first month’s rent.
Tips
- Ask a lender what down payment options you qualify for; it may be less than you think.
- Keep the fund in a separate savings account while you save.
Questions
How much do I need for a house down payment?
It depends on the loan. Some loans allow 3% to 3.5% down, while 20% avoids mortgage insurance on many conventional loans. A lender can tell you what applies to you.
What are closing costs?
Fees to finalize the purchase, like lender fees, title and taxes. They are often a few percent of the price, so save for them on top of the down payment.
Where should I keep my down payment savings?
Many people use a separate high-yield savings account so it stays safe and easy to reach when it is time to buy.
Goes well with
- Net worth tracker 2027 What you own minus what you owe, checked four times a year.
- 2027 money goals worksheet Three money goals for the year, each with a plan and a monthly check-in.
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This printable is a general planning tool, not financial advice. Read the full disclaimer.