Mortgage Down Payment Comparison Calculator  
The Mortgage Down Payment Comparison Calculator helps you compare the benefits of different down payment options. For example, if you have high savings rate, you may want to make a lower down payment and keep the rest of your money in the bank collecting interest. For most home buyers it makes sense to make a higher down payment because it will result in lower monthly payments and less interest paid on the loan. 



Down Payment Options  
Hi Down Payment 
Enter the maximum amount with which you are comfortable for a down payment. The maximum cannot be more than your purchase price. The minimum cannot be less than the maximum of your low down payment. 

Lo Down Payment 
Enter the minimum amount with which you are comfortable for a down payment. The maximum cannot be more than the minimum of your high down payment. 

Purchase Price Information  
Purchase Price 
Enter the purchase price of the property you'd like to buy. Typically, this is the amount you are willing to offer. 

General Loan Information  
Loan Rate 
This is the interest rate you negotiated for your loan. 

Loan Term 
This is the maximum contractual period you have to repay your loan, e.g. you might have a 30year mortgage. 

Pay Off Period 
This is the time you plan to take to pay off the loan. It must be less than or equal to the loan term. 

Savings and Tax Rate Information  
Savings Rate 
This is the interest rate you currently receive on your savings. This is the return on the account where you will keep any money you don't use for your down payment. 

Tax Rate 
This is your income tax rate. 



Results 
The dynamic text in the results box shows you which down payment option cost less, thus, saving you more, at the end of your specified pay off period. 
