Percent Down | Down Payment |
1% | 2,400 |
2% | 4,800 |
3% | 7,200 |
4% | 9,600 |
5% | 12,000 |
6% | 14,400 |
7% | 16,800 |
8% | 19,200 |
9% | 21,600 |
10% | 24,000 |
11% | 26,400 |
12% | 28,800 |
13% | 31,200 |
14% | 33,600 |
15% | 36,000 |
16% | 38,400 |
17% | 40,800 |
18% | 43,200 |
19% | 45,600 |
20% | 48,000 |
Percent Down | Down Payment |
21% | 50,400 |
22% | 52,800 |
23% | 55,200 |
24% | 57,600 |
25% | 60,000 |
26% | 62,400 |
27% | 64,800 |
28% | 67,200 |
29% | 69,600 |
30% | 72,000 |
31% | 74,400 |
32% | 76,800 |
33% | 79,200 |
34% | 81,600 |
35% | 84,000 |
36% | 86,400 |
37% | 88,800 |
38% | 91,200 |
39% | 93,600 |
40% | 96,000 |
Percent Down | Down Payment |
41% | 98,400 |
42% | 100,800 |
43% | 103,200 |
44% | 105,600 |
45% | 108,000 |
46% | 110,400 |
47% | 112,800 |
48% | 115,200 |
49% | 117,600 |
50% | 120,000 |
51% | 122,400 |
52% | 124,800 |
53% | 127,200 |
54% | 129,600 |
55% | 132,000 |
56% | 134,400 |
57% | 136,800 |
58% | 139,200 |
59% | 141,600 |
60% | 144,000 |
Percent Down | Down Payment |
61% | 146,400 |
62% | 148,800 |
63% | 151,200 |
64% | 153,600 |
65% | 156,000 |
66% | 158,400 |
67% | 160,800 |
68% | 163,200 |
69% | 165,600 |
70% | 168,000 |
71% | 170,400 |
72% | 172,800 |
73% | 175,200 |
74% | 177,600 |
75% | 180,000 |
76% | 182,400 |
77% | 184,800 |
78% | 187,200 |
79% | 189,600 |
80% | 192,000 |
Percent Down | Down Payment |
81% | 194,400 |
82% | 196,800 |
83% | 199,200 |
84% | 201,600 |
85% | 204,000 |
86% | 206,400 |
87% | 208,800 |
88% | 211,200 |
89% | 213,600 |
90% | 216,000 |
91% | 218,400 |
92% | 220,800 |
93% | 223,200 |
94% | 225,600 |
95% | 228,000 |
96% | 230,400 |
97% | 232,800 |
98% | 235,200 |
99% | 237,600 |
100% | 240,000 |
APR | Annual Percentage Rate, the annual cost of borrowing or lending money. |
PMI | Private Mortgage Insurance. A downpayment less than 20% often requires that the borrower purchase PMI. This increases the overall monthly payment. |
Property Taxes | Taxes charged by the local government to the owner of the property. This is often charged as a percentage of the assessed value of the property. |
Insurance | Home insurance protects your property against damage. Flood insurance is often recommended for some areas of the country. Individuals with a high net worth might consider an umbrella policy. |
HOA | Homeowners' Association. Usually part of a condo development or subdivision. The HOA often sets the rules, takes care of common maintenance, and charges a fee. |
Mortgage Refinance | After mortgage rates have decreased, it is often possible to get a new mortgage at a lower rate. This is a loan refinance and can save lots of money. |