Pre-approval scenario planning

Purchase Calculator

Start with a purchase price or qualified loan amount, test different down payments, and see the resulting LTV and monthly payment in one view.

Purchase scenario

Change the down payment repeatedly while you compare price, financing, and payment options.

Purchase price

Down payment percentage

Interest rate

Loan term

years

Quick down payment

Choose a common percentage to update the scenario quickly.

What do you want to calculate?

Loan program

Choose loan programSwitch between conventional and FHA financing.

Taxes & insurance

Optional costs are added to the estimated total payment but do not change the loan amount.

Property taxes

Billing period

Homeowners insurance

Billing period

Mortgage insurance (PMI / MI)

Use the recurring premium, if applicable.Billing period

Calculated result

Purchase scenario summary

Purchase structure

Purchase price$400,000Home price

Loan amount: $380,000
Down payment5.00% down: $20,000
Loan-to-value (LTV): 95.00%

Estimated total monthly payment$2,40230-year fixed-rate estimate

Monthly principal & interest: $2,402
Monthly property taxes: $0
Monthly homeowners insurance: $0
Monthly mortgage insurance (PMI / MI): $0

Quick comparison

Compare common down payments using the same purchase price, rate, and term. P&I excludes taxes, insurance, and mortgage insurance.

Down	Loan	Cash down	LTV	P&I
3%	$388,000	$12,000	97.0%	$2,452
3.5%	$386,000	$14,000	96.5%	$2,440
5%	$380,000	$20,000	95.0%	$2,402
10%	$360,000	$40,000	90.0%	$2,275
20%	$320,000	$80,000	80.0%	$2,023

Estimate only

This estimate assumes a fixed-rate, fully amortizing loan with monthly payments. Taxes, insurance, mortgage insurance, HOA dues, closing costs, program-specific adjustments, and lender qualification requirements may change the actual payment or cash needed to close. This is not a commitment to lend.