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How helpful is a mortage calculator for estimating a down payment?

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Answer:

The calculator lets you plug in various down payment amonuts to see what your monthly payments will be. This will allow you to determine the proper amount for a down payment, and the peace of mind to know that you can afford the monthly payment.

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Relevant answers:

How do I calculate down payments with a mortgage calculator?
When you use a mortgage calculator to figure down payments, you can enter the percentage of a down payment that you would like to make. That will show as a dollar amount when the calculation is made.
What is a down payment?
a portion of the purchase price that is paid as a condition of getting a loan
How is a calculator helpful?
It allows you to quickly compute arithmetic equations.
Where can I get money for a down payment on a house?
Typically you CANNOT borrow a down payment from a bank or other financial institution. You either must save it, or get it as a private loan from a friend or family member. Alternative. You can...
What is the average payment of a mortage bill?
According to the US census bureau, the average mortgage payment was 1307 dollars in 2000. http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/16/RE227481.DTL