This is a pre-qualification worksheet only. Do not rely on this for information specific to your loan application. Instead, rely on the loan estimate. This worksheet is based on information provided by you prior to your making a loan application, including assumptions you've made, which are located on the details page.

Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.

Acknowledge & Dismiss

20% Down or 5% Down w/ MI

Interest Rate Comparison

Monthly Payment Comparison

Closing Cost Comparison

Total Cash to Close


Cash Flow Comparison

What to do with extra cash at closing (if applicable)?
What to do with extra monthly cash flow (if applicable)?
Contribute additional cash each month:
$

Net Worth Comparison

Total Expense/Savings Comparison

This illustration shows the differences between waiting until you have 20% down payment, or buying now with 5% down and paying mortgage insurance. In the Cash Flow Comparison section, select Invest Extra Funds for both What to do with extra cash at closing and What to do with extra monthly cash flow options. By keeping your liquid funds invested rather than putting towards a larger down payment, you can increase your overall net worth, proving that Mortgage Insurance can be used to your advantage. Furthermore, more of your net worth is comprised of liquid assets rather than equity, which is much more practical.Rates quoted 1/15/18 for an Owner-Occupied Single Family purchase transaction.

Assumptions

Credit Score
740.0
Tax Bracket
25.00%
Holding Period (Years)
8.0
Annual House Appreciation
3.500%
Annual Rate of Return on Investments
8.000%
Type of Transaction
Purchase

Details

Description
20% Down no MI
5% Down w/ BPMI
5% Down w/ LPMI
Purchase Price/Appraised Value
$700,000.00
$700,000.00
$700,000.00
First Mortgage Loan Amount
$560,000.00
$665,000.00
$665,000.00
Escrows and Prepaid Items
$3,075.00
$3,075.00
$3,075.00
Total Points & Closing Costs
$5,704.20
$3,756.65
$4,071.70
Mortgage Balance
$560,000.00
$665,000.00
$665,000.00
Loan-to-Value
80.000%
95.000%
95.000%
Combined Loan-to-Value
80.000%
95.000%
95.000%
Interest Rate
4.000%
4.000%
4.375%
APR
4.032%
4.371%
4.381%
Total Cash to Close
$148,779.20
$41,831.65
$42,146.70

Loan Type

Fixed or ARM
Fixed
Fixed
Fixed
Initial Fixed Period
ARM Term after that
Type of Monthly Payment
30 year Amortization
30 year Amortization
30 year Amortization
Monthly Principal and Interest Payment
$2,673.53
$3,174.81
$3,320.25
Monthly Mortgage Insurance %
0.520%
Monthly Mortgage Insurance Cutoff LtV
78.000%
78.000%
Monthly Mortgage Insurance
$288.16
Monthly Property Taxes*
$200.00
$200.00
$200.00
Monthly Home Insurance*
$125.00
$125.00
$125.00
* Taxes and insurance are estimates, actual numbers may be higher.
Total Monthly PITI Payment
$2,998.53
$3,787.97
$3,645.25

This illustration shows the differences between waiting until you have 20% down payment, or buying now with 5% down and paying mortgage insurance. In the Cash Flow Comparison section, select Invest Extra Funds for both What to do with extra cash at closing and What to do with extra monthly cash flow options. By keeping your liquid funds invested rather than putting towards a larger down payment, you can increase your overall net worth, proving that Mortgage Insurance can be used to your advantage. Furthermore, more of your net worth is comprised of liquid assets rather than equity, which is much more practical.Rates quoted 1/15/18 for an Owner-Occupied Single Family purchase transaction.



Disclosures

Tax, Legal & Financial Disclosure

PLEASE NOTE: These illustrations are provided for informational purposes only and do not constitute tax, legal or financial advice. Please consult with qualified tax, legal and financial advisors for specific advice pertaining to your situation. Please reference IRS Publication 936 for more information on the tax deductibility of mortgage interest. Illustrations do not account for state taxes, or federal tax deduction phase-outs for higher-income tax payers or taxpayers subject to AMT.

This is not a commitment to lend. All borrowers must qualify for all loan programs presented. This illustration is in no way to be interpreted as loan approval, guarantee, or offer.


Amortization Schedule

Select Loan:
Extra Cash at Closing Allocation:
Extra Monthly Cash Flow Allocation:
Additional Monthly Contribution:
$

Interest and Principal Paid

Equity

Primary mortgage paid off in 360 Months

Primary Mortgage

* Please Note: Payments do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater.

Month Total Payment Mortgage Insurance Extra Payment Principal Interest Interest Rate Balance
1 $2,673.53 $0.00 $0.00 $806.86 $1,866.67 4.000% $559,193.14
2 $2,673.53 $0.00 $0.00 $809.55 $1,863.98 4.000% $558,383.58
3 $2,673.53 $0.00 $0.00 $812.25 $1,861.28 4.000% $557,571.33
4 $2,673.53 $0.00 $0.00 $814.96 $1,858.57 4.000% $556,756.37
5 $2,673.53 $0.00 $0.00 $817.68 $1,855.85 4.000% $555,938.70
6 $2,673.53 $0.00 $0.00 $820.40 $1,853.13 4.000% $555,118.30
7 $2,673.53 $0.00 $0.00 $823.14 $1,850.39 4.000% $554,295.16
8 $2,673.53 $0.00 $0.00 $825.88 $1,847.65 4.000% $553,469.28
9 $2,673.53 $0.00 $0.00 $828.63 $1,844.90 4.000% $552,640.65
10 $2,673.53 $0.00 $0.00 $831.39 $1,842.14 4.000% $551,809.26
11 $2,673.53 $0.00 $0.00 $834.17 $1,839.36 4.000% $550,975.09
12 $2,673.53 $0.00 $0.00 $836.95 $1,836.58 4.000% $550,138.14
13 $2,673.53 $0.00 $0.00 $839.74 $1,833.79 4.000% $549,298.41
14 $2,673.53 $0.00 $0.00 $842.54 $1,830.99 4.000% $548,455.87
15 $2,673.53 $0.00 $0.00 $845.34 $1,828.19 4.000% $547,610.53
16 $2,673.53 $0.00 $0.00 $848.16 $1,825.37 4.000% $546,762.37
17 $2,673.53 $0.00 $0.00 $850.99 $1,822.54 4.000% $545,911.38
18 $2,673.53 $0.00 $0.00 $853.83 $1,819.70 4.000% $545,057.55
19 $2,673.53 $0.00 $0.00 $856.67 $1,816.86 4.000% $544,200.88
20 $2,673.53 $0.00 $0.00 $859.53 $1,814.00 4.000% $543,341.35
21 $2,673.53 $0.00 $0.00 $862.39 $1,811.14 4.000% $542,478.96
22 $2,673.53 $0.00 $0.00 $865.27 $1,808.26 4.000% $541,613.69
23 $2,673.53 $0.00 $0.00 $868.15 $1,805.38 4.000% $540,745.54
24 $2,673.53 $0.00 $0.00 $871.04 $1,802.49 4.000% $539,874.50
25 $2,673.53 $0.00 $0.00 $873.95 $1,799.58 4.000% $539,000.55
26 $2,673.53 $0.00 $0.00 $876.86 $1,796.67 4.000% $538,123.69
27 $2,673.53 $0.00 $0.00 $879.78 $1,793.75 4.000% $537,243.90
28 $2,673.53 $0.00 $0.00 $882.72 $1,790.81 4.000% $536,361.19
29 $2,673.53 $0.00 $0.00 $885.66 $1,787.87 4.000% $535,475.53
30 $2,673.53 $0.00 $0.00 $888.61 $1,784.92 4.000% $534,586.92
31 $2,673.53 $0.00 $0.00 $891.57 $1,781.96 4.000% $533,695.34
32 $2,673.53 $0.00 $0.00 $894.55 $1,778.98 4.000% $532,800.80
33 $2,673.53 $0.00 $0.00 $897.53 $1,776.00 4.000% $531,903.27
34 $2,673.53 $0.00 $0.00 $900.52 $1,773.01 4.000% $531,002.75
35 $2,673.53 $0.00 $0.00 $903.52 $1,770.01 4.000% $530,099.23
36 $2,673.53 $0.00 $0.00 $906.53 $1,767.00 4.000% $529,192.70
37 $2,673.53 $0.00 $0.00 $909.55 $1,763.98 4.000% $528,283.14
38 $2,673.53 $0.00 $0.00 $912.59 $1,760.94 4.000% $527,370.56
39 $2,673.53 $0.00 $0.00 $915.63 $1,757.90 4.000% $526,454.93
40 $2,673.53 $0.00 $0.00 $918.68 $1,754.85 4.000% $525,536.25
41 $2,673.53 $0.00 $0.00 $921.74 $1,751.79 4.000% $524,614.51
42 $2,673.53 $0.00 $0.00 $924.81 $1,748.72 4.000% $523,689.69
43 $2,673.53 $0.00 $0.00 $927.90 $1,745.63 4.000% $522,761.79
44 $2,673.53 $0.00 $0.00 $930.99 $1,742.54 4.000% $521,830.80
45 $2,673.53 $0.00 $0.00 $934.09 $1,739.44 4.000% $520,896.71
46 $2,673.53 $0.00 $0.00 $937.21 $1,736.32 4.000% $519,959.50
47 $2,673.53 $0.00 $0.00 $940.33 $1,733.20 4.000% $519,019.17
48 $2,673.53 $0.00 $0.00 $943.47 $1,730.06 4.000% $518,075.70
49 $2,673.53 $0.00 $0.00 $946.61 $1,726.92 4.000% $517,129.09
50 $2,673.53 $0.00 $0.00 $949.77 $1,723.76 4.000% $516,179.33
51 $2,673.53 $0.00 $0.00 $952.93 $1,720.60 4.000% $515,226.39
52 $2,673.53 $0.00 $0.00 $956.11 $1,717.42 4.000% $514,270.28
53 $2,673.53 $0.00 $0.00 $959.30 $1,714.23 4.000% $513,310.99
54 $2,673.53 $0.00 $0.00 $962.49 $1,711.04 4.000% $512,348.50
55 $2,673.53 $0.00 $0.00 $965.70 $1,707.83 4.000% $511,382.79
56 $2,673.53 $0.00 $0.00 $968.92 $1,704.61 4.000% $510,413.87
57 $2,673.53 $0.00 $0.00 $972.15 $1,701.38 4.000% $509,441.72
58 $2,673.53 $0.00 $0.00 $975.39 $1,698.14 4.000% $508,466.33
59 $2,673.53 $0.00 $0.00 $978.64 $1,694.89 4.000% $507,487.69
60 $2,673.53 $0.00 $0.00 $981.90 $1,691.63 4.000% $506,505.79
61 $2,673.53 $0.00 $0.00 $985.18 $1,688.35 4.000% $505,520.61
62 $2,673.53 $0.00 $0.00 $988.46 $1,685.07 4.000% $504,532.15
63 $2,673.53 $0.00 $0.00 $991.76 $1,681.77 4.000% $503,540.39
64 $2,673.53 $0.00 $0.00 $995.06 $1,678.47 4.000% $502,545.33
65 $2,673.53 $0.00 $0.00 $998.38 $1,675.15 4.000% $501,546.95
66 $2,673.53 $0.00 $0.00 $1,001.71 $1,671.82 4.000% $500,545.24
67 $2,673.53 $0.00 $0.00 $1,005.05 $1,668.48 4.000% $499,540.20
68 $2,673.53 $0.00 $0.00 $1,008.40 $1,665.13 4.000% $498,531.80
69 $2,673.53 $0.00 $0.00 $1,011.76 $1,661.77 4.000% $497,520.04
70 $2,673.53 $0.00 $0.00 $1,015.13 $1,658.40 4.000% $496,504.91
71 $2,673.53 $0.00 $0.00 $1,018.51 $1,655.02 4.000% $495,486.40
72 $2,673.53 $0.00 $0.00 $1,021.91 $1,651.62 4.000% $494,464.49
73 $2,673.53 $0.00 $0.00 $1,025.32 $1,648.21 4.000% $493,439.18
74 $2,673.53 $0.00 $0.00 $1,028.73 $1,644.80 4.000% $492,410.44
75 $2,673.53 $0.00 $0.00 $1,032.16 $1,641.37 4.000% $491,378.28
76 $2,673.53 $0.00 $0.00 $1,035.60 $1,637.93 4.000% $490,342.68
77 $2,673.53 $0.00 $0.00 $1,039.05 $1,634.48 4.000% $489,303.63
78 $2,673.53 $0.00 $0.00 $1,042.52 $1,631.01 4.000% $488,261.11
79 $2,673.53 $0.00 $0.00 $1,045.99 $1,627.54 4.000% $487,215.11
80 $2,673.53 $0.00 $0.00 $1,049.48 $1,624.05 4.000% $486,165.63
81 $2,673.53 $0.00 $0.00 $1,052.98 $1,620.55 4.000% $485,112.66
82 $2,673.53 $0.00 $0.00 $1,056.49 $1,617.04 4.000% $484,056.17
83 $2,673.53 $0.00 $0.00 $1,060.01 $1,613.52 4.000% $482,996.16
84 $2,673.53 $0.00 $0.00 $1,063.54 $1,609.99 4.000% $481,932.62
85 $2,673.53 $0.00 $0.00 $1,067.09 $1,606.44 4.000% $480,865.53
86 $2,673.53 $0.00 $0.00 $1,070.64 $1,602.89 4.000% $479,794.88
87 $2,673.53 $0.00 $0.00 $1,074.21 $1,599.32 4.000% $478,720.67
88 $2,673.53 $0.00 $0.00 $1,077.79 $1,595.74 4.000% $477,642.88
89 $2,673.53 $0.00 $0.00 $1,081.39 $1,592.14 4.000% $476,561.49
90 $2,673.53 $0.00 $0.00 $1,084.99 $1,588.54 4.000% $475,476.50
91 $2,673.53 $0.00 $0.00 $1,088.61 $1,584.92 4.000% $474,387.89
92 $2,673.53 $0.00 $0.00 $1,092.24 $1,581.29 4.000% $473,295.65
93 $2,673.53 $0.00 $0.00 $1,095.88 $1,577.65 4.000% $472,199.77
94 $2,673.53 $0.00 $0.00 $1,099.53 $1,574.00 4.000% $471,100.24
95 $2,673.53 $0.00 $0.00 $1,103.20 $1,570.33 4.000% $469,997.05
96 $2,673.53 $0.00 $0.00 $1,106.87 $1,566.66 4.000% $468,890.17
97 $2,673.53 $0.00 $0.00 $1,110.56 $1,562.97 4.000% $467,779.61
98 $2,673.53 $0.00 $0.00 $1,114.26 $1,559.27 4.000% $466,665.35
99 $2,673.53 $0.00 $0.00 $1,117.98 $1,555.55 4.000% $465,547.37
100 $2,673.53 $0.00 $0.00 $1,121.71 $1,551.82 4.000% $464,425.66
101 $2,673.53 $0.00 $0.00 $1,125.44 $1,548.09 4.000% $463,300.22
102 $2,673.53 $0.00 $0.00 $1,129.20 $1,544.33 4.000% $462,171.02
103 $2,673.53 $0.00 $0.00 $1,132.96 $1,540.57 4.000% $461,038.06
104 $2,673.53 $0.00 $0.00 $1,136.74 $1,536.79 4.000% $459,901.33
105 $2,673.53 $0.00 $0.00 $1,140.53 $1,533.00 4.000% $458,760.80
106 $2,673.53 $0.00 $0.00 $1,144.33 $1,529.20 4.000% $457,616.47
107 $2,673.53 $0.00 $0.00 $1,148.14 $1,525.39 4.000% $456,468.33
108 $2,673.53 $0.00 $0.00 $1,151.97 $1,521.56 4.000% $455,316.36
109 $2,673.53 $0.00 $0.00 $1,155.81 $1,517.72 4.000% $454,160.55
110 $2,673.53 $0.00 $0.00 $1,159.66 $1,513.87 4.000% $453,000.89
111 $2,673.53 $0.00 $0.00 $1,163.53 $1,510.00 4.000% $451,837.36
112 $2,673.53 $0.00 $0.00 $1,167.41 $1,506.12 4.000% $450,669.96
113 $2,673.53 $0.00 $0.00 $1,171.30 $1,502.23 4.000% $449,498.66
114 $2,673.53 $0.00 $0.00 $1,175.20 $1,498.33 4.000% $448,323.46
115 $2,673.53 $0.00 $0.00 $1,179.12 $1,494.41 4.000% $447,144.34
116 $2,673.53 $0.00 $0.00 $1,183.05 $1,490.48 4.000% $445,961.29
117 $2,673.53 $0.00 $0.00 $1,186.99 $1,486.54 4.000% $444,774.30
118 $2,673.53 $0.00 $0.00 $1,190.95 $1,482.58 4.000% $443,583.35
119 $2,673.53 $0.00 $0.00 $1,194.92 $1,478.61 4.000% $442,388.43
120 $2,673.53 $0.00 $0.00 $1,198.90 $1,474.63 4.000% $441,189.53
121 $2,673.53 $0.00 $0.00 $1,202.90 $1,470.63 4.000% $439,986.63
122 $2,673.53 $0.00 $0.00 $1,206.91 $1,466.62 4.000% $438,779.73
123 $2,673.53 $0.00 $0.00 $1,210.93 $1,462.60 4.000% $437,568.79
124 $2,673.53 $0.00 $0.00 $1,214.97 $1,458.56 4.000% $436,353.83
125 $2,673.53 $0.00 $0.00 $1,219.02 $1,454.51 4.000% $435,134.81
126 $2,673.53 $0.00 $0.00 $1,223.08 $1,450.45 4.000% $433,911.73
127 $2,673.53 $0.00 $0.00 $1,227.16 $1,446.37 4.000% $432,684.57
128 $2,673.53 $0.00 $0.00 $1,231.25 $1,442.28 4.000% $431,453.32
129 $2,673.53 $0.00 $0.00 $1,235.35 $1,438.18 4.000% $430,217.97
130 $2,673.53 $0.00 $0.00 $1,239.47 $1,434.06 4.000% $428,978.50
131 $2,673.53 $0.00 $0.00 $1,243.60 $1,429.93 4.000% $427,734.90
132 $2,673.53 $0.00 $0.00 $1,247.75 $1,425.78 4.000% $426,487.15
133 $2,673.53 $0.00 $0.00 $1,251.91 $1,421.62 4.000% $425,235.25
134 $2,673.53 $0.00 $0.00 $1,256.08 $1,417.45 4.000% $423,979.17
135 $2,673.53 $0.00 $0.00 $1,260.27 $1,413.26 4.000% $422,718.90
136 $2,673.53 $0.00 $0.00 $1,264.47 $1,409.06 4.000% $421,454.43
137 $2,673.53 $0.00 $0.00 $1,268.68 $1,404.85 4.000% $420,185.75
138 $2,673.53 $0.00 $0.00 $1,272.91 $1,400.62 4.000% $418,912.84
139 $2,673.53 $0.00 $0.00 $1,277.15 $1,396.38 4.000% $417,635.69
140 $2,673.53 $0.00 $0.00 $1,281.41 $1,392.12 4.000% $416,354.28
141 $2,673.53 $0.00 $0.00 $1,285.68 $1,387.85 4.000% $415,068.59
142 $2,673.53 $0.00 $0.00 $1,289.97 $1,383.56 4.000% $413,778.63
143 $2,673.53 $0.00 $0.00 $1,294.27 $1,379.26 4.000% $412,484.36
144 $2,673.53 $0.00 $0.00 $1,298.58 $1,374.95 4.000% $411,185.78
145 $2,673.53 $0.00 $0.00 $1,302.91 $1,370.62 4.000% $409,882.87
146 $2,673.53 $0.00 $0.00 $1,307.25 $1,366.28 4.000% $408,575.61
147 $2,673.53 $0.00 $0.00 $1,311.61 $1,361.92 4.000% $407,264.00
148 $2,673.53 $0.00 $0.00 $1,315.98 $1,357.55 4.000% $405,948.02
149 $2,673.53 $0.00 $0.00 $1,320.37 $1,353.16 4.000% $404,627.65
150 $2,673.53 $0.00 $0.00 $1,324.77 $1,348.76 4.000% $403,302.88
151 $2,673.53 $0.00 $0.00 $1,329.19 $1,344.34 4.000% $401,973.69
152 $2,673.53 $0.00 $0.00 $1,333.62 $1,339.91 4.000% $400,640.07
153 $2,673.53 $0.00 $0.00 $1,338.06 $1,335.47 4.000% $399,302.01
154 $2,673.53 $0.00 $0.00 $1,342.52 $1,331.01 4.000% $397,959.48
155 $2,673.53 $0.00 $0.00 $1,347.00 $1,326.53 4.000% $396,612.49
156 $2,673.53 $0.00 $0.00 $1,351.49 $1,322.04 4.000% $395,261.00
157 $2,673.53 $0.00 $0.00 $1,355.99 $1,317.54 4.000% $393,905.00
158 $2,673.53 $0.00 $0.00 $1,360.51 $1,313.02 4.000% $392,544.49
159 $2,673.53 $0.00 $0.00 $1,365.05 $1,308.48 4.000% $391,179.44
160 $2,673.53 $0.00 $0.00 $1,369.60 $1,303.93 4.000% $389,809.84
161 $2,673.53 $0.00 $0.00 $1,374.16 $1,299.37 4.000% $388,435.68
162 $2,673.53 $0.00 $0.00 $1,378.74 $1,294.79 4.000% $387,056.94
163 $2,673.53 $0.00 $0.00 $1,383.34 $1,290.19 4.000% $385,673.60
164 $2,673.53 $0.00 $0.00 $1,387.95 $1,285.58 4.000% $384,285.64
165 $2,673.53 $0.00 $0.00 $1,392.58 $1,280.95 4.000% $382,893.07
166 $2,673.53 $0.00 $0.00 $1,397.22 $1,276.31 4.000% $381,495.85
167 $2,673.53 $0.00 $0.00 $1,401.88 $1,271.65 4.000% $380,093.97
168 $2,673.53 $0.00 $0.00 $1,406.55 $1,266.98 4.000% $378,687.42
169 $2,673.53 $0.00 $0.00 $1,411.24 $1,262.29 4.000% $377,276.18
170 $2,673.53 $0.00 $0.00 $1,415.94 $1,257.59 4.000% $375,860.24
171 $2,673.53 $0.00 $0.00 $1,420.66 $1,252.87 4.000% $374,439.58
172 $2,673.53 $0.00 $0.00 $1,425.40 $1,248.13 4.000% $373,014.18
173 $2,673.53 $0.00 $0.00 $1,430.15 $1,243.38 4.000% $371,584.03
174 $2,673.53 $0.00 $0.00 $1,434.92 $1,238.61 4.000% $370,149.11
175 $2,673.53 $0.00 $0.00 $1,439.70 $1,233.83 4.000% $368,709.41
176 $2,673.53 $0.00 $0.00 $1,444.50 $1,229.03 4.000% $367,264.91
177 $2,673.53 $0.00 $0.00 $1,449.31 $1,224.22 4.000% $365,815.60
178 $2,673.53 $0.00 $0.00 $1,454.14 $1,219.39 4.000% $364,361.46
179 $2,673.53 $0.00 $0.00 $1,458.99 $1,214.54 4.000% $362,902.46
180 $2,673.53 $0.00 $0.00 $1,463.86 $1,209.67 4.000% $361,438.61
181 $2,673.53 $0.00 $0.00 $1,468.73 $1,204.80 4.000% $359,969.87
182 $2,673.53 $0.00 $0.00 $1,473.63 $1,199.90 4.000% $358,496.24
183 $2,673.53 $0.00 $0.00 $1,478.54 $1,194.99 4.000% $357,017.70
184 $2,673.53 $0.00 $0.00 $1,483.47 $1,190.06 4.000% $355,534.23
185 $2,673.53 $0.00 $0.00 $1,488.42 $1,185.11 4.000% $354,045.81
186 $2,673.53 $0.00 $0.00 $1,493.38 $1,180.15 4.000% $352,552.44
187 $2,673.53 $0.00 $0.00 $1,498.36 $1,175.17 4.000% $351,054.08
188 $2,673.53 $0.00 $0.00 $1,503.35 $1,170.18 4.000% $349,550.73
189 $2,673.53 $0.00 $0.00 $1,508.36 $1,165.17 4.000% $348,042.37
190 $2,673.53 $0.00 $0.00 $1,513.39 $1,160.14 4.000% $346,528.98
191 $2,673.53 $0.00 $0.00 $1,518.43 $1,155.10 4.000% $345,010.55
192 $2,673.53 $0.00 $0.00 $1,523.49 $1,150.04 4.000% $343,487.05
193 $2,673.53 $0.00 $0.00 $1,528.57 $1,144.96 4.000% $341,958.48
194 $2,673.53 $0.00 $0.00 $1,533.67 $1,139.86 4.000% $340,424.81
195 $2,673.53 $0.00 $0.00 $1,538.78 $1,134.75 4.000% $338,886.03
196 $2,673.53 $0.00 $0.00 $1,543.91 $1,129.62 4.000% $337,342.12
197 $2,673.53 $0.00 $0.00 $1,549.06 $1,124.47 4.000% $335,793.07
198 $2,673.53 $0.00 $0.00 $1,554.22 $1,119.31 4.000% $334,238.85
199 $2,673.53 $0.00 $0.00 $1,559.40 $1,114.13 4.000% $332,679.45
200 $2,673.53 $0.00 $0.00 $1,564.60 $1,108.93 4.000% $331,114.85
201 $2,673.53 $0.00 $0.00 $1,569.81 $1,103.72 4.000% $329,545.03
202 $2,673.53 $0.00 $0.00 $1,575.05 $1,098.48 4.000% $327,969.99
203 $2,673.53 $0.00 $0.00 $1,580.30 $1,093.23 4.000% $326,389.69
204 $2,673.53 $0.00 $0.00 $1,585.56 $1,087.97 4.000% $324,804.13
205 $2,673.53 $0.00 $0.00 $1,590.85 $1,082.68 4.000% $323,213.28
206 $2,673.53 $0.00 $0.00 $1,596.15 $1,077.38 4.000% $321,617.12
207 $2,673.53 $0.00 $0.00 $1,601.47 $1,072.06 4.000% $320,015.65
208 $2,673.53 $0.00 $0.00 $1,606.81 $1,066.72 4.000% $318,408.84
209 $2,673.53 $0.00 $0.00 $1,612.17 $1,061.36 4.000% $316,796.67
210 $2,673.53 $0.00 $0.00 $1,617.54 $1,055.99 4.000% $315,179.13
211 $2,673.53 $0.00 $0.00 $1,622.93 $1,050.60 4.000% $313,556.20
212 $2,673.53 $0.00 $0.00 $1,628.34 $1,045.19 4.000% $311,927.86
213 $2,673.53 $0.00 $0.00 $1,633.77 $1,039.76 4.000% $310,294.08
214 $2,673.53 $0.00 $0.00 $1,639.22 $1,034.31 4.000% $308,654.87
215 $2,673.53 $0.00 $0.00 $1,644.68 $1,028.85 4.000% $307,010.19
216 $2,673.53 $0.00 $0.00 $1,650.16 $1,023.37 4.000% $305,360.03
217 $2,673.53 $0.00 $0.00 $1,655.66 $1,017.87 4.000% $303,704.36
218 $2,673.53 $0.00 $0.00 $1,661.18 $1,012.35 4.000% $302,043.18
219 $2,673.53 $0.00 $0.00 $1,666.72 $1,006.81 4.000% $300,376.46
220 $2,673.53 $0.00 $0.00 $1,672.28 $1,001.25 4.000% $298,704.19
221 $2,673.53 $0.00 $0.00 $1,677.85 $995.68 4.000% $297,026.34
222 $2,673.53 $0.00 $0.00 $1,683.44 $990.09 4.000% $295,342.89
223 $2,673.53 $0.00 $0.00 $1,689.05 $984.48 4.000% $293,653.84
224 $2,673.53 $0.00 $0.00 $1,694.68 $978.85 4.000% $291,959.16
225 $2,673.53 $0.00 $0.00 $1,700.33 $973.20 4.000% $290,258.82
226 $2,673.53 $0.00 $0.00 $1,706.00 $967.53 4.000% $288,552.82
227 $2,673.53 $0.00 $0.00 $1,711.69 $961.84 4.000% $286,841.14
228 $2,673.53 $0.00 $0.00 $1,717.39 $956.14 4.000% $285,123.74
229 $2,673.53 $0.00 $0.00 $1,723.12 $950.41 4.000% $283,400.63
230 $2,673.53 $0.00 $0.00 $1,728.86 $944.67 4.000% $281,671.76
231 $2,673.53 $0.00 $0.00 $1,734.62 $938.91 4.000% $279,937.14
232 $2,673.53 $0.00 $0.00 $1,740.41 $933.12 4.000% $278,196.73
233 $2,673.53 $0.00 $0.00 $1,746.21 $927.32 4.000% $276,450.53
234 $2,673.53 $0.00 $0.00 $1,752.03 $921.50 4.000% $274,698.50
235 $2,673.53 $0.00 $0.00 $1,757.87 $915.66 4.000% $272,940.63
236 $2,673.53 $0.00 $0.00 $1,763.73 $909.80 4.000% $271,176.90
237 $2,673.53 $0.00 $0.00 $1,769.61 $903.92 4.000% $269,407.29
238 $2,673.53 $0.00 $0.00 $1,775.51 $898.02 4.000% $267,631.79
239 $2,673.53 $0.00 $0.00 $1,781.42 $892.11 4.000% $265,850.36
240 $2,673.53 $0.00 $0.00 $1,787.36 $886.17 4.000% $264,063.00
241 $2,673.53 $0.00 $0.00 $1,793.32 $880.21 4.000% $262,269.68
242 $2,673.53 $0.00 $0.00 $1,799.30 $874.23 4.000% $260,470.38
243 $2,673.53 $0.00 $0.00 $1,805.30 $868.23 4.000% $258,665.09
244 $2,673.53 $0.00 $0.00 $1,811.31 $862.22 4.000% $256,853.78
245 $2,673.53 $0.00 $0.00 $1,817.35 $856.18 4.000% $255,036.43
246 $2,673.53 $0.00 $0.00 $1,823.41 $850.12 4.000% $253,213.02
247 $2,673.53 $0.00 $0.00 $1,829.49 $844.04 4.000% $251,383.53
248 $2,673.53 $0.00 $0.00 $1,835.58 $837.95 4.000% $249,547.95
249 $2,673.53 $0.00 $0.00 $1,841.70 $831.83 4.000% $247,706.24
250 $2,673.53 $0.00 $0.00 $1,847.84 $825.69 4.000% $245,858.40
251 $2,673.53 $0.00 $0.00 $1,854.00 $819.53 4.000% $244,004.40
252 $2,673.53 $0.00 $0.00 $1,860.18 $813.35 4.000% $242,144.22
253 $2,673.53 $0.00 $0.00 $1,866.38 $807.15 4.000% $240,277.83
254 $2,673.53 $0.00 $0.00 $1,872.60 $800.93 4.000% $238,405.23
255 $2,673.53 $0.00 $0.00 $1,878.85 $794.68 4.000% $236,526.38
256 $2,673.53 $0.00 $0.00 $1,885.11 $788.42 4.000% $234,641.27
257 $2,673.53 $0.00 $0.00 $1,891.39 $782.14 4.000% $232,749.88
258 $2,673.53 $0.00 $0.00 $1,897.70 $775.83 4.000% $230,852.18
259 $2,673.53 $0.00 $0.00 $1,904.02 $769.51 4.000% $228,948.16
260 $2,673.53 $0.00 $0.00 $1,910.37 $763.16 4.000% $227,037.79
261 $2,673.53 $0.00 $0.00 $1,916.74 $756.79 4.000% $225,121.06
262 $2,673.53 $0.00 $0.00 $1,923.13 $750.40 4.000% $223,197.93
263 $2,673.53 $0.00 $0.00 $1,929.54 $743.99 4.000% $221,268.39
264 $2,673.53 $0.00 $0.00 $1,935.97 $737.56 4.000% $219,332.42
265 $2,673.53 $0.00 $0.00 $1,942.42 $731.11 4.000% $217,390.00
266 $2,673.53 $0.00 $0.00 $1,948.90 $724.63 4.000% $215,441.10
267 $2,673.53 $0.00 $0.00 $1,955.39 $718.14 4.000% $213,485.71
268 $2,673.53 $0.00 $0.00 $1,961.91 $711.62 4.000% $211,523.80
269 $2,673.53 $0.00 $0.00 $1,968.45 $705.08 4.000% $209,555.35
270 $2,673.53 $0.00 $0.00 $1,975.01 $698.52 4.000% $207,580.34
271 $2,673.53 $0.00 $0.00 $1,981.60 $691.93 4.000% $205,598.74
272 $2,673.53 $0.00 $0.00 $1,988.20 $685.33 4.000% $203,610.54
273 $2,673.53 $0.00 $0.00 $1,994.83 $678.70 4.000% $201,615.71
274 $2,673.53 $0.00 $0.00 $2,001.48 $672.05 4.000% $199,614.24
275 $2,673.53 $0.00 $0.00 $2,008.15 $665.38 4.000% $197,606.09
276 $2,673.53 $0.00 $0.00 $2,014.84 $658.69 4.000% $195,591.24
277 $2,673.53 $0.00 $0.00 $2,021.56 $651.97 4.000% $193,569.68
278 $2,673.53 $0.00 $0.00 $2,028.30 $645.23 4.000% $191,541.39
279 $2,673.53 $0.00 $0.00 $2,035.06 $638.47 4.000% $189,506.33
280 $2,673.53 $0.00 $0.00 $2,041.84 $631.69 4.000% $187,464.49
281 $2,673.53 $0.00 $0.00 $2,048.65 $624.88 4.000% $185,415.84
282 $2,673.53 $0.00 $0.00 $2,055.48 $618.05 4.000% $183,360.36
283 $2,673.53 $0.00 $0.00 $2,062.33 $611.20 4.000% $181,298.03
284 $2,673.53 $0.00 $0.00 $2,069.20 $604.33 4.000% $179,228.83
285 $2,673.53 $0.00 $0.00 $2,076.10 $597.43 4.000% $177,152.73
286 $2,673.53 $0.00 $0.00 $2,083.02 $590.51 4.000% $175,069.71
287 $2,673.53 $0.00 $0.00 $2,089.96 $583.57 4.000% $172,979.74
288 $2,673.53 $0.00 $0.00 $2,096.93 $576.60 4.000% $170,882.81
289 $2,673.53 $0.00 $0.00 $2,103.92 $569.61 4.000% $168,778.89
290 $2,673.53 $0.00 $0.00 $2,110.93 $562.60 4.000% $166,667.96
291 $2,673.53 $0.00 $0.00 $2,117.97 $555.56 4.000% $164,549.99
292 $2,673.53 $0.00 $0.00 $2,125.03 $548.50 4.000% $162,424.96
293 $2,673.53 $0.00 $0.00 $2,132.11 $541.42 4.000% $160,292.84
294 $2,673.53 $0.00 $0.00 $2,139.22 $534.31 4.000% $158,153.62
295 $2,673.53 $0.00 $0.00 $2,146.35 $527.18 4.000% $156,007.27
296 $2,673.53 $0.00 $0.00 $2,153.51 $520.02 4.000% $153,853.77
297 $2,673.53 $0.00 $0.00 $2,160.68 $512.85 4.000% $151,693.08
298 $2,673.53 $0.00 $0.00 $2,167.89 $505.64 4.000% $149,525.20
299 $2,673.53 $0.00 $0.00 $2,175.11 $498.42 4.000% $147,350.08
300 $2,673.53 $0.00 $0.00 $2,182.36 $491.17 4.000% $145,167.72
301 $2,673.53 $0.00 $0.00 $2,189.64 $483.89 4.000% $142,978.08
302 $2,673.53 $0.00 $0.00 $2,196.94 $476.59 4.000% $140,781.15
303 $2,673.53 $0.00 $0.00 $2,204.26 $469.27 4.000% $138,576.89
304 $2,673.53 $0.00 $0.00 $2,211.61 $461.92 4.000% $136,365.28
305 $2,673.53 $0.00 $0.00 $2,218.98 $454.55 4.000% $134,146.30
306 $2,673.53 $0.00 $0.00 $2,226.38 $447.15 4.000% $131,919.92
307 $2,673.53 $0.00 $0.00 $2,233.80 $439.73 4.000% $129,686.13
308 $2,673.53 $0.00 $0.00 $2,241.24 $432.29 4.000% $127,444.88
309 $2,673.53 $0.00 $0.00 $2,248.71 $424.82 4.000% $125,196.17
310 $2,673.53 $0.00 $0.00 $2,256.21 $417.32 4.000% $122,939.96
311 $2,673.53 $0.00 $0.00 $2,263.73 $409.80 4.000% $120,676.23
312 $2,673.53 $0.00 $0.00 $2,271.28 $402.25 4.000% $118,404.96
313 $2,673.53 $0.00 $0.00 $2,278.85 $394.68 4.000% $116,126.11
314 $2,673.53 $0.00 $0.00 $2,286.44 $387.09 4.000% $113,839.67
315 $2,673.53 $0.00 $0.00 $2,294.06 $379.47 4.000% $111,545.60
316 $2,673.53 $0.00 $0.00 $2,301.71 $371.82 4.000% $109,243.89
317 $2,673.53 $0.00 $0.00 $2,309.38 $364.15 4.000% $106,934.51
318 $2,673.53 $0.00 $0.00 $2,317.08 $356.45 4.000% $104,617.42
319 $2,673.53 $0.00 $0.00 $2,324.81 $348.72 4.000% $102,292.62
320 $2,673.53 $0.00 $0.00 $2,332.55 $340.98 4.000% $99,960.06
321 $2,673.53 $0.00 $0.00 $2,340.33 $333.20 4.000% $97,619.73
322 $2,673.53 $0.00 $0.00 $2,348.13 $325.40 4.000% $95,271.60
323 $2,673.53 $0.00 $0.00 $2,355.96 $317.57 4.000% $92,915.65
324 $2,673.53 $0.00 $0.00 $2,363.81 $309.72 4.000% $90,551.83
325 $2,673.53 $0.00 $0.00 $2,371.69 $301.84 4.000% $88,180.14
326 $2,673.53 $0.00 $0.00 $2,379.60 $293.93 4.000% $85,800.55
327 $2,673.53 $0.00 $0.00 $2,387.53 $286.00 4.000% $83,413.02
328 $2,673.53 $0.00 $0.00 $2,395.49 $278.04 4.000% $81,017.53
329 $2,673.53 $0.00 $0.00 $2,403.47 $270.06 4.000% $78,614.06
330 $2,673.53 $0.00 $0.00 $2,411.48 $262.05 4.000% $76,202.58
331 $2,673.53 $0.00 $0.00 $2,419.52 $254.01 4.000% $73,783.06
332 $2,673.53 $0.00 $0.00 $2,427.59 $245.94 4.000% $71,355.47
333 $2,673.53 $0.00 $0.00 $2,435.68 $237.85 4.000% $68,919.79
334 $2,673.53 $0.00 $0.00 $2,443.80 $229.73 4.000% $66,475.99
335 $2,673.53 $0.00 $0.00 $2,451.94 $221.59 4.000% $64,024.05
336 $2,673.53 $0.00 $0.00 $2,460.12 $213.41 4.000% $61,563.94
337 $2,673.53 $0.00 $0.00 $2,468.32 $205.21 4.000% $59,095.62
338 $2,673.53 $0.00 $0.00 $2,476.54 $196.99 4.000% $56,619.07
339 $2,673.53 $0.00 $0.00 $2,484.80 $188.73 4.000% $54,134.27
340 $2,673.53 $0.00 $0.00 $2,493.08 $180.45 4.000% $51,641.19
341 $2,673.53 $0.00 $0.00 $2,501.39 $172.14 4.000% $49,139.80
342 $2,673.53 $0.00 $0.00 $2,509.73 $163.80 4.000% $46,630.07
343 $2,673.53 $0.00 $0.00 $2,518.10 $155.43 4.000% $44,111.97
344 $2,673.53 $0.00 $0.00 $2,526.49 $147.04 4.000% $41,585.48
345 $2,673.53 $0.00 $0.00 $2,534.91 $138.62 4.000% $39,050.57
346 $2,673.53 $0.00 $0.00 $2,543.36 $130.17 4.000% $36,507.21
347 $2,673.53 $0.00 $0.00 $2,551.84 $121.69 4.000% $33,955.37
348 $2,673.53 $0.00 $0.00 $2,560.35 $113.18 4.000% $31,395.02
349 $2,673.53 $0.00 $0.00 $2,568.88 $104.65 4.000% $28,826.14
350 $2,673.53 $0.00 $0.00 $2,577.44 $96.09 4.000% $26,248.70
351 $2,673.53 $0.00 $0.00 $2,586.03 $87.50 4.000% $23,662.67
352 $2,673.53 $0.00 $0.00 $2,594.65 $78.88 4.000% $21,068.01
353 $2,673.53 $0.00 $0.00 $2,603.30 $70.23 4.000% $18,464.71
354 $2,673.53 $0.00 $0.00 $2,611.98 $61.55 4.000% $15,852.73
355 $2,673.53 $0.00 $0.00 $2,620.69 $52.84 4.000% $13,232.04
356 $2,673.53 $0.00 $0.00 $2,629.42 $44.11 4.000% $10,602.62
357 $2,673.53 $0.00 $0.00 $2,638.19 $35.34 4.000% $7,964.43
358 $2,673.53 $0.00 $0.00 $2,646.98 $26.55 4.000% $5,317.45
359 $2,673.53 $0.00 $0.00 $2,655.81 $17.72 4.000% $2,661.64
360 $2,661.64 $0.00 $0.00 $2,652.77 $8.87 4.000% $0.00

This illustration shows the differences between waiting until you have 20% down payment, or buying now with 5% down and paying mortgage insurance. In the Cash Flow Comparison section, select Invest Extra Funds for both What to do with extra cash at closing and What to do with extra monthly cash flow options. By keeping your liquid funds invested rather than putting towards a larger down payment, you can increase your overall net worth, proving that Mortgage Insurance can be used to your advantage. Furthermore, more of your net worth is comprised of liquid assets rather than equity, which is much more practical.Rates quoted 1/15/18 for an Owner-Occupied Single Family purchase transaction.