Down Payment Calculator - Calculatorall.com
Our Down Payment Calculator can help you calculate everything including down payments, closing costs, loan amounts and the monthly paybacks. There are three different calculators included on the page that allow for calculations with different parameters. With all the three calculators, it's completely your choice to decide whether you want to include the closing costs in the calculations or not. You can use any of the three calculators as per your need. Here is how they are different.
Know the Down Payment Amount
Know the Home Price
Know the Down Payment Amount and Home Price
The first down payment calculator works fine if you want to use the cash available upfront to make all the calculations. You need to know down payment percentage and availability of up front cash for this calculator to work. It will tell you exactly what price for a home would be affordable for you.
The second calculator allows you to make calculations based on Home Price. For this to work, you should have the values for down payment percentage and it will let you calculate estimated amount that you will need to have for covering all the upfront costs.
With the third down payment calculator, it is possible for you to use both home price as well as upfront cash that you have available. For known values of these two parameters, you can be able to use our calculator to have estimated percentage for down payment.
With the third down payment calculator, it is possible for you to use both home price as well as upfront cash that you have available. For known values of these two parameters, you can be able to use our calculator to have estimated percentage for down payment.
What Are Down Payments?
Down Payments refer to the amount of money that you have to pay upfront for buying homes on installments. Generally, it is expressed with a certain purchase price percentage. Depending on the price of the home that you want to buy and the down payment percentage, it can be a hefty amount that you have to pay upfront. Therefore, it is important to have exact calculations and estimates done before hand.
For lenders, down payments are always important and the bigger payments upfront are always considered better. Bigger payments simply help in lowering down the risk for the lender. Keeping the amount lent out lower will mean very fewer amounts will be lost in case of defaults.
What's The Case With Low Down Payments
Though it is good to pay 20 percent or more in terms of down payment, but it doesn't mean that there won't be any kind of risks along the way. Some events can take place and, in that case, smaller amounts as down payments can be a more viable choice. Let's look at a few examples.
1. Job Loss: The layoffs that happen immediately after making big down payments from savings leave you with almost nothing behind to live on while you search for the next job.
2. Emergency Funding: Just like job loss situation, after making big down payments you have very less left in your savings to deal with situations requiring emergency funds like in case of medical emergencies.
3. High Return On Investment: Good investors always try to achieve higher returns as compared to mortgage rates by making massive upfront payments less attractive.
Every Loan Has Different Requirements For Down Payment
A 20 percent down payment, at least, is usually needed for conventional loans. Sometimes, lenders even agree to go as low as 3% down payments in the extreme cases. But in such cases, borrowers are necessitated to buy Private Mortgage Insurance for the protection of mortgage lenders. In the bid to help out low-income buyers, FHA offers insurance to the primary residence buyers allowing them to take down payments to around 3.5%.
How This Pregnancy Weight Gain Calculator Works?
The pregnancy weight gain calculator here requires you to provide quite a few values in order to give you the recommendations on your weight. First of all, you have to specify the stage of your pregnancy that you're currently in. Besides, you have to specify whether you have twins coming or not. Then you have to enter the height and your weight before you got pregnant. Both Metric and US units can be selected for height and weight values and the results will be calculated accordingly. Hit the calculate button after providing all this information and the calculator will give you your BMI prior to pregnancy, recommendation on your weight range at the time of deliver i.e. week 40, and the recommendation on your weight range in current week that you had specified. Besides, the calculator also shows you a full-fledge weight table that shows recommended weight range and recommended weight gain week by week throughout your pregnancy from week 1 to 40. This information will certainly be quite helpful in maintaining healthy weight throughout your pregnancy period.
So, use thispregnancy weight gain calculator for finding out what your weight should be at current stage of your pregnancy. Once you have all the information, try different options available for maintaining healthy weight throughout your pregnancy period.