The Should I pay more down? calculator will help you compare the benefits of different down payment options. For example, if you have high savings rate, you may want to make a lower down payment and keep the rest of money in the bank collecting interest. For most homebuyers it makes sense to make a higher down payment because it will result in lower monthly payments and less interest paid on the loan.
Note: The examples below are based on the assumption that the calculator is refreshed with the default values loaded in.
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