· Scenario 07 · Down payment
I am saving for a down payment.
What to put away each month to hit the down payment on your date.
Scenario 07
How to use it
- Enter the price you are aiming at and the percent down you want.
- Enter what you have saved so far and how many months until you want to buy.
- Read what to put away each month to get there.
· The calculator
Your monthly savings target.
Pick the price, the percent, and the date. This is what you put away each month to get there.
· Save each month
$—
Down payment only. Closing costs (typically 2 to 5% of the loan) come on top.
The reasoning behind it
A down payment target is a date and a number, so the tool turns it into a monthly amount.
Closing costs come on top, typically two to five percent of the loan, and several programs need far less than twenty percent down. Scenario 03 shows the payment at any down payment you pick →
· Questions left?
Ask me directly.
Six quick taps tell you which loan I’d start with, nothing pulled, nothing saved. Or text me and we start there. I read every text myself, usually within minutes during the day. About your numbers, or anything else.
Find my program →