Your next home · Savings plan
Know how much cash you need, when you could be ready, and what to save each month.
Your emergency reserve. This stays in your bank account.
Optional. Before tax; assumed unchanged.
Optional. At 5%, a $1,000 monthly plan becomes $1,050 per month in year 2.
Currently $0: closing costs, moving costs, cash reserve. These are excluded from the estimate until you enter them.
Your estimated savings timeline
Ready in 17 months
Your cash target is $40,000. This includes your down payment and any extra costs or cash reserve you enter.
Total cash target
$40,000
Still to save today
$25,000
Starting monthly savings needed to buy in 24 months
$1,042
Total each month, not extra on top of your current savings.
In 17 months
Based on the current month in your browser and end-of-month deposits—not a mortgage approval or a guaranteed closing date.
Estimated savings
$51,000
Above your cash target
$11,000
Your current monthly savings meet this target under these assumptions.
Your original plan stays unchanged. Compare an extra monthly amount below.
In 17 months
Starts at $1,500 saved per month. Any yearly savings increase applies to both plans.
Compare your plan with your extra-saving scenario. The amber dashed line is your cash target.
10% of $400,000
Home price and costs stay unchanged in this estimate. Your monthly savings increase once every 12 months only if you enter a yearly increase. Savings earn the APY you enter, converted to a monthly rate. New savings are added at the end of each month. Taxes on interest are not deducted.
Your down payment is not your full buying budget. Enter closing costs, moving costs, and a cash reserve for a more complete target. Loan qualification and mortgage payments are not calculated here.
Planning estimate, not a quote, approval, tax calculation, or promise of returns.
No. Your cash target adds the down payment, closing costs, moving costs, and the cash reserve you enter. Optional costs start at $0 so you can supply your own estimates. A zero amount is not a prediction that the cost will be free.
The calculator starts with your current savings, applies the savings-account yield you enter, and adds savings at the end of each month. It finds the first month that reaches your cash target. Any yearly increase in savings begins after each full 12 months. Home price and costs are held constant.
The required starting monthly amount is the total to save, not an amount to add on top of your current plan. If you enter a yearly savings increase, that starting amount rises each year. The separate extra-saving scenario lets you compare a change without replacing your original plan.