By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Financial Calculators from
Dinkytown.net
To reach your goal in 3 years, you need to save $273.54 each month Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Financial Calculators from
Dinkytown.net
Your Down Payment Savings Goal is $10,000.00
Home down payment inputs: |
To reach your goal in 3 years, you need to save $273.54 each month |
Definitions
Purchase price of home
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.
Estimated down payment
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).
Amount currently saved
Total amount you currently have saved for your new home.
Years to save
The number of years you wish to save.
Estimated interest rate on your savings
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.