How Much of a Down Payment Do I Need?

Calculates loan down payment amount based on sales price of the home, down payment percentage, estimated interest rate, discount points paid at closing, and loan length.

Loan Information

Sales Price of Home

Down Payment Percentage (%)

Estimated Interest Rate

Discount Points Paid at Closing (%)

Mortgage Term

Additonal Expenses

Estimated Annual Property Taxes

Est. Annual Homeowners Ins.

Mortgage Results

Mortgage Amount

Down Payment Amount

Discount Points

Closing Costs

Prepaids

Total Cash

Monthly Payments

Monthly Principal & Interest Payment

Estimated Monthly Property Tax Payment

Estimated Monthly Insurance Payment

Total Estimated Monthly Payment

Estimated APR (%)

These calculations are estimates only and do not constitute an offer to finance your loan. There is no warranty for the accuracy of the results or the relationship to your personal financial situation.

DISCLAIMER: The prequalification figures above are based upon conventional program guidelines. Other loan programs are available. Calculations by this tool are believed to be accurate, yet are not guaranteed. Further review is necessary to obtain an exact qualification. If you have less than 20% equity in your home, a monthly mortgage insurance payment may be required.