Plan a purchase from the buyer's side. Set the home price and the down payment ratio you expect to put down, and this tool shows the cash you need up front, the loan amount, the monthly payment and the total interest. A ratio-sensitivity table then shows how the up-front cash, the loan and the interest change as the down payment ratio moves, so you can weigh saving more against a lower monthly payment. These results are approximations for general information only and are not financial, investment or tax advice or a lending decision. Actual figures depend on your lender, your rate and your local taxes and fees. 100% Local
Enter the home price, the down payment ratio you plan, the annual interest rate and the term. Press Calculate to see the cash needed up front, the loan amount, the monthly payment and the total interest. A table below repeats the calculation at several down payment ratios so you can compare scenarios at a glance.
A higher down payment lowers both the monthly payment and the lifetime interest, but it ties up more cash and may push you past what you can afford up front. Compare a few ratios above with the money you actually have, and remember to budget for closing costs, moving and an emergency fund. Confirm everything with your lender before you commit.