Down Payment Comparison
See how different down payment amounts affect your mortgage
$400,000
4.5%
30
0.5%
Down Payment Matrix
Compare different down payment scenarios
| Down Payment | Down Payment Amount | Loan Amount | Monthly P&I | PMI | Total Monthly | Total Interest |
|---|
Key Insights
- •A 20% down payment ($80,000) eliminates the need for PMI.
- •Increasing your down payment from 3% to 20% saves approximately $0.00 per month.
- •A larger down payment reduces your total interest paid over the life of the loan.