Down Payment Calculator
When preparing for a mortgage loan, one of the most important things do is to consider how much down payment you're going to need in order to close. We've implemented this down payment calculator so consumers can quickly factor the necessary funds they'll need based upon the type of loan they are going to be applying for.
Initially, our down payment calculator included some higher risk, higher cost loan products. However, given the nature of economic risk, we felt our visitors were better served if we focused on calculating only those down payment requirements for safer conventional and FHA home loan products.
The down payment calculator is fairly straightforward to use. Just enter your proposed purchase price, the repayment terms for the loan, and your estimated interest rate -- the calculator will do the rest! Follow the next link if you're not sure how much home you can afford before trying to calculate your down payment needs.
Have questions? Use our quick quote to get a fast quote.