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More down isn't always more better.
Twenty percent gets rid of PMI, but it can also leave you cash-poor on day one. Slide the down payment around and see what each scenario actually costs.
The deal
$
0%20%50%
%
yrs
Cash to put down
$130,000
Loan amount
$520,000
Monthly P&I
$3,286.75
Est. PMI / mo
$0
No PMI at 20%+
Compare down payment options
Total monthly payment (P&I + estimated PMI)
| Down % | Cash down | Loan | PMI / mo | Total / mo |
|---|---|---|---|---|
| 3% | $19,500 | $630,500 | $263 | $4,248 |
| 5% | $32,500 | $617,500 | $257 | $4,160 |
| 10% | $65,000 | $585,000 | $244 | $3,941 |
| 15% | $97,500 | $552,500 | $230 | $3,722 |
| 20% | $130,000 | $520,000 | — | $3,287 |
| 25% | $162,500 | $487,500 | — | $3,081 |
A real-talk note on down payments
More down isn't always better. Hitting 20% drops PMI, but draining your savings to get there can leave you cash-poor on day one. We'll help you find the spot that actually fits your life, whether that's 3%, 20%, or something in between.
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Calculators give you a starting point. We'll give you the actual rate, the actual payment, and the honest answer about whether the move makes sense.
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