Down Payment Savings Planner
Create a personalized plan to save for your home down payment. See exactly when you'll be ready to buy.
Your Savings Goal
$
%
$
$
$
Tax refunds, bonuses, gifts, etc.
Your Savings Timeline
Down Payment Needed
$80,000
Time to Goal
2 years, 4 months
Target Date
May 2027
Progress
12.5%
Savings Breakdown
Current Savings
$10,000
Monthly Contributions
$55,200
One-Time Contributions
$5,000
Interest Earned
$9,800
Total Savings
$80,000
Smart Saving Tips
Where to Keep Your Down Payment
- • High-yield savings account (4-5% APY)
- • Money market account for larger balances
- • Short-term CDs if timeline is fixed
- • Avoid volatile investments for less than 3 years
Down Payment Assistance
- • Check state first-time buyer programs
- • Look for local housing grants
- • Consider employer assistance programs
- • Research FHA/VA/USDA loan options