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How Much Down Payment on a New Home Should You Make?

How does your down payment affect your mortgage insurance costs (PMI) and the cost of your mortgage over time? Use our down payment calculator to get an estimate!

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Mortgage and Down Payment Calculator

How does your down payment affect your mortgage insurance costs and the cost of your mortgage over time? Input your information and use our free Mortgage and Down Payment Calculator to get an estimate.

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*Calculator assumes you are buying a home with a conventional loan with a loan term of 30 years and will own the home for 7 years. Calculations are based on estimated closing costs and homeowner's insurance. This calculator is made available as a self-help tool for your personal use. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the benefits of buying a home, speak with a loan advisor at Freedom Mortgage.

Based on the values you entered, the smaller down payment will cost an estimated
$14,374* over 7 years.

Get your calculator results delivered to your email

Let us help you estimate how different down payment amounts can impact the cost of mortgage insurance premiums as well as your overall mortgage over time. Fill out the form below and one of our licensed Loan Advisors will contact you.

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*This calculator is made available as a self-help tool for your personal use and the results are based on values you entered. We do not guarantee its accuracy or applicability to your individual circumstances. Resulting calculations are for illustrative and informational purposes only and are not intended as investment or financial advice. Consult a qualified financial advisor before making important personal finance decisions. To get a better understanding of the benefits of buying a home, speak with a loan advisor at Freedom Mortgage.

A Loan Advisor from Freedom Mortgage will reach out to you to review your results and discuss the various home financing options that may be available to you.

By clicking "Get Your Results," you consent to be contacted, including via automated technology or artificial/prerecorded voice, by Freedom Mortgage and any of its current or future affiliated companies (collectively "Freedom Mortgage") at the phone number(s) and email address(es) provided for marketing purposes about loans, even if your number is listed on a federal, state or internal do not call list . You affirm that you are the subscriber of the phone number(s) and email address or that the subscriber has authorized you to provide this consent. Your consent is not a condition of purchase of goods or services from Freedom Mortgage.
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Based on the values you entered, the smaller down payment will cost an estimated
$0* over 7 years.

Less Down: $0
More Down: $0
Principle & Interest
$000.00
Taxes & Insurance
$000.00
PMI
$000.00
Principle & Interest
$000.00
Taxes & Insurance
$000.00
PMI
$000.00

Ask us what refinance rate we can offer you

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