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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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Purchase Price

Smaller Down Payment

Larger Down Payment

Interest Rate

Interest Rate 2

PROPERTY TAX (YEARLY)

HOME INSURANCE (YEARLY)

*Calculator assumes you are buying a home with a conventional loan and will own the home for 7 years. Annual cost includes an estimate of the total yearly cost of property taxes, homeowners insurance, and maintenance. 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.

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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First Name

Last Name

Phone

Property State

Loan Type

Current Customer

Do you know the address you are looking to purchase?

Yes

*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 entering your mobile number and email address and clicking “Get Your Results” below, you consent to be contacted, including via automated technology, by Freedom Mortgage and any of its current or future affiliated companies (collectively “Freedom Mortgage”) at that mobile number and email address for marketing purposes. 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. You can revoke your consent at any time by contacting Freedom Mortgage at 855-690-5900.

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

Less Down: $27K

More Down: $54K

Principle & Interest

$000.00

Taxes & Insurance

$000.00

PMI

$000.00

Ask us what refinance rate we can offer you

The mortgage refinance rate we may be able to offer is personal to you. Your interest rate is affected by the type of refinance loan you want, your credit score, your income and finances, as well as the current mortgage market environment. Freedom Mortgage may be able to offer you a refinance rate that is lower - or higher - than the rate you see advertised by other lenders. Ask us today what refinance rate we can offer you.

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