Home down payment inputs: |
To reach your goal in KJE2 years, you need to save KJE1 each month |
The total cost of the home you would like to purchase. Please keep in mind that the cost of buying a house is more than just the price of the house; there may be fees and closing costs associated with your mortgage as well.
The portion of the property's sale price that is fully paid to the seller at closing. With conventional loans, a 20% down payment will allow you to forego carrying Private Mortgage Insurance (PMI).
Total amount you currently have saved for your new home.
The number of years you wish to save.
This is the interest rate you are currently earning on your saved amount. For the purposes of this calculator, taxation is not factored into the results.