How Much of a Down Payment Do I Need Mortgage Calculator

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How Much Down Payment

Monterey Bay Mortgage
820 Bay Ave. Suite 206
Capitola, CA 95010
Phone: 831.462.3630
Fax: 831.462.3136

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A Government home loan, insured by the FHA for seniors age 62+.

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How Much of a Down Payment Do I Need?
Use the following calculator to determine the maximum monthly (P+I) and the maximum loan amount for which you may qualify. The figures in this calculator are based on programs that require full documentation of income. These programs may require verification of W-2's, 1099's, and/or paystubs. If you cannot prove your income we have many programs that do not require any income documentation.

Loan Information

Sale Price of Home

Down Payment %

Estimated Interest Rate

Discount Points Paid at Closing

Mortgage Term

Monthly Housing Expense

Estimated Annual Property Taxes

Estimated Annual
Homeowners Insurance

Mortgage Results

Mortgage Amount

Down Payment Amount

Discount Points

Closing Costs

Prepaids

Total Cash

Mortgage Payments

Monthly Principal &
Interest Payment

Estimated Monthly
Property Tax Payment

Estimated Monthly
Insurance Payment

Totals

Estimated Monthly Payment

Estimated APR

Disclaimer: The calculated results shown above are based on conventional loan program guidelines. Other loan programs are available and may provide results that better fit your individual needs. Calculations completed within this tool are estimates and are not guaranteed to be accurate.