Estimate your monthly payments with Cars.com’s car loan calculator and see how factors like loan term, down payment and interest rate affect payments.
Example: How to calculate your minimum down payment If the purchase price of your home is $500,000 or less. Suppose the purchase price of your home is $400,000. You’ll need a minimum down payment of 5% of the purchase price. The purchase price multiplied by 5%, for a total of $20,000.
In addition to your down payment, you’ll also need cash to pay points, closing costs and for reserves. HSH.com’s Down Payment Decisioner Calculator shows you how both a smaller and larger down payment impacts your overall cost. What if you could make a smaller down payment and still pay the same MI cost?
Basic down-payment calculator: quickly calculates down-payment ranges for common down-payment amounts & states what percent of a purchase a specified down-payment represents. This calculator includes PMI and automatically subtracts closing costs (which typically ranges between 2% to 5% of a home’s purchase price) from the downpayment amount.
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