|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Effective February 15, 2016, the minimum down
payment for new mortgages
|
| |
on homes priced above $500,000 increased to 10% on
the portion of the
|
| |
price above $500,0000. The minimum down payment
stays at 5% for homes
|
| |
priced below $500,000 and at 20% on homes selling
for more than $1 million.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Move the slider to calculate your own minimum down
payment:
|
|
|
|
|
|
|
|
|
| |
Purchase price
|
|
|
|
| |
|
|
|
|
| |
|
|
|
|
| |
Minimum down payment in $'s
|
|
|
|
| |
Minimum down payment in %
|
|
|
|
|
|
|
|
|
|
|
| |
Mortgage Insurance
|
|
|
|
| |
Mortgage amount (purchase price less down payment)
|
|
|
| |
Mortgage insurance
|
|
|
|
| |
Total mortgage including insurance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Help
|
|
|
|
|
| |
Mortgage insurance is required on all mortgages with
down payments of less
|
| |
than 20%. Insurance is calculated using CHMC rates.
You can enter a purchase price
|
| |
between $100,000 and $1 million in increments of
$10,000 using the slider.
|
|
|
|
|
|
|
|
|
Disclaimer
|
|
|
|
|
|
This calculator is for educational purposes only.
You should not rely on the results
|
|
as an indication of your financial needs and we
recommend that you seek out your
|
|
own legal, accounting, tax or professional
advice.
|
|
|
|
|
|
|
|
| |
powered by Ativa Interactive
|
|
|
|