Find answers to your financial questions. Now you can make smart decisions about purchasing, refinancing and debt consolidation.

 
 

How Much of a Down Payment Do I Need?
Use the following calculator to determine the maximum monthly payment (Principal and Interest) and the maximum loan amount for which you may qualify. The figures in this calculator are based on programs that require full documentation of income. These programs may require verification of W-2's, 1099's, and/or paystubs.

 
  Loan Information  
  Sale Price of Home
  Down Payment % %
  Estimated Interest Rate %
  Discount Points Paid at Closing %
  Mortgage Term
  Monthly Housing Expense  
  Estimated Annual Property Taxes
  Estimated Annual
Homeowners Insurance
      
 
  Mortgage Results  
  Mortgage Amount
  Down Payment Amount
  Discount Points
  Closing Costs
  Prepaids
  Total Cash
  Mortgage Payments  
  Monthly Principal &
Interest Payment
  Estimated Monthly
Property Tax Payment
  Estimated Monthly
Insurance Payment
  Totals  
  Estimated Monthly Payment
  Estimated APR %

Disclaimer: The calculated results shown above are based on conventional loan program guidelines. Other loan programs are available and may provide results that better fit your individual needs. Calculations completed within this tool are estimates and are not guaranteed to be accurate.