Conventional 3% down calculator

NerdWallet says the minimum down payment for a conventional conforming mortgage can be 3%, while Zillow says conventional loans typically require 3% to 5% down and that 3% down payments are more common among first-time homebuyers or qualifying low-income borrowers in programs like HomeReady and Home Possible. If the down payment is less than 20%, mortgage insurance may be required and can increase the monthly payment.

3% down estimate

Why this page matters

A 3% down calculator targets buyers who are specifically searching for low-down-payment conventional options, which Zillow and NerdWallet both highlight as a real part of the market for some first-time or credit-qualified borrowers. This makes it a useful SEO landing page and a natural internal link target from your down payment and FHA comparison pages.