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Down Payment Calculator (12a)

Rate of Return on Larger Down Payment

Who This Calculator is For: Borrowers with enough cash to make a down payment in excess of the minimum required on a particular loan, who want to know whether using the cash to increase the down payment earns a high rate of return.

What This Calculator Does: This calculator allows you to determine the rate of return on an investment in a larger down payment that reduces or eliminates mortgage insurance, and that might reduce the interest rate.

DO NOT USE DOLLAR SIGNS ($), COMMAS (,) PLUS SIGNS ( + )OR PERCENTAGE SIGNS (%) IN ANY INPUT BOXES

Enter the Following Information:
Loan Term, in Years
Show Modal IconIncome Tax Bracket ( e.g. 27 )
Show Modal IconIs This Loan for the Purchase of a Property or a Refinance?
Show Modal IconExpected Years in House, Cannot Exceed Term
Show Modal IconOptional: Expected Rate of Property Value Appreciation
Show Modal IconWill Mortgage Insurance be Deductible for You?
From
Select the Increase in Down Payment You Are Considering:
Show Modal IconMonthly Mortgage Insurance Premium (Annual Rate, e.g., .54)
Show Modal IconMortgage Insurance Paid Upfront (Single Premium Rate, e.g., 1.5)
Interest Rate Per Year (e.g., 7.50%)
Points (e.g., 1.5)
To
Select the Increase in Down Payment You Are Considering:
Show Modal IconMonthly Mortgage Insurance Premium (Annual Rate, e.g., .54)
Show Modal IconMortgage Insurance Paid Upfront (Single Premium Rate, e.g., 1.5)
Interest Rate Per Year (e.g., 7.50%)
Points (e.g., 1.5)
Calculator Design & Programming byDecision Aide Analytics Logo

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Down Payment Calculator: Rate of Return on Larger Down Payment - Mortgage Professor