Down Payment Calculator Helps You Plan Your Savings!

Down Payment Savings Calculator screen shot

The two Down Payment Savings Calculators in Real Estate Calculator Suite, $39.95 US, help you plan your down payment savings as you prepare to purchase a new home. They make it easy for you to discover how long you will need to save or how much you can save for a down payment.

These calculators compute your down payment savings from different perspectives and answer two important questions:

  1) "How much can I save?" and
  2) "How long will it take?"

The first down payment calculator shows you how long it will take you to save the specific amount you wish to have available when you buy your home.  The second down payment calculator computes and shows you how much you must save each month if you wish to reach your particular down payment savings goal.

Designed to "make real estate math easy", these down payment savings calculators are included in the collection of 16 real estate and financial calculators in Real Estate Calculator Suite, $39.95 US.

Real Estate Calculator Suite, $39.95 US, helps you calculate answers to your real estate finance questions.  Download a fully-functional trial version of Real Estate Calculator Suite and try it free 10 times or Buy it Now!

The Down Payment Savings Calculators give you two ways to consider your down payment savings.  The two approaches to saving for a down payment are to compute how much you can save during a specific period of time or to compute how long it will take to meet a specific down payment savings goal.

The "How Much Can I Save?" Calculator helps you determine how much you will be able to save during a specific period of time.  For example, if you know you want to purchase a home in 36 months and can save $400 per month, this calculator will show you have much you will have available for your down payment when you are ready in 36 months to buy your new home.

To calculate how much you will save during a specific period of time, choose the "How Much Can I Save?" Calculator by clicking on the tab labeled "How Much Can I Save?".

Enter appropriate values for the fields labeled "Your Current Savings Balance", "Amount You Will Save Each Month", "Interest rate Your Savings Will Earn", "Number of Months You Will Save", and choose the Compounding Frequency from the drop down list.

As you enter your values and tab from field to field, the amount of money you will be able to save for a down payment during the number of months you will save will be computed and displayed as "Your Down Payment Savings."

The "How Long Will it Take?" Calculator shows you how much time it will take you to save a specific amount for your down payment.  Use this calculator if you know how much you need and how much you can afford to save each month.  It will compute the amount of time required to meet your savings goal.

If you have a specific down payment savings goal and want to calculate how much time it will take to save the amount you need, choose the "How Long Will it Take?" Calculator.

To determine how long it will take to save your down payment, enter your values for the fields labeled "Your Down Payment Savings Goal", "Your Current Savings Balance", "Amount You Will Save Each Month", "Interest Rate Your Savings Will Earn", and choose the Compounding Frequency from the drop down list.  The number of months required to meet your goal will be computed and displayed above the amount of your savings goal.

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