There are various methods to help for estimating a down payment, following three calculations are common ways to calculate it:-
Use the Upfront Cash Available
If the down payment percentage are known while amount of upfront cash available then use the calculator below to calculate an estimate for an affordable home price.
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%
%
years
Results
Home Price: $434,783
Down Payment: $86,957
Closing Costs: $13,043
Loan Amount: $347,826
Monthly Payment: $2,212
Use the Home Price
If the home price and down payment percentages are known then use the calculator below to calculate an estimate for an amount needed in cash available for upfront costs.
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%
%
years
Results
Cash Needed: $115,000
Down Payment: $100,000
Closing Costs: $15,000
Down Payment + Closing Costs: $115,000
Loan Amount: $400,000
Monthly Payment: $2,544
Use the Home Price and Upfront Cash Available
If the home price and amount of upfront cash available are known then please use the calculator below to calculate an estimate for a down payment percentage.
%
%
years
Results
Down Payment: $85,000
Down Payment Percentage: 17.0%
Closing Costs: $15,000
Loan Amount: $415,000
Monthly Payment: $2,639
Since the down payment is less than 20%, most probably you will be asked to pay PMI Insurance or mortgage insurance premium.