The monthly payment amount may increase with escrows including, but not limited to, taxes and insurances. It's also important to note that the higher your down payment, the lower your mortgage loan amount will be, and the less you will pay in interest over time. For Quontic's Community Development loans1, a minimum down payment of at least 20% is required to qualify for these unique programs..
Down Payment Calculator
Down Payment Calculator
Monthly Payment |
Total PMI |
Total Payments |
|---|---|---|
| $ 1,603.93 | $ 9,019.12 | $ 219,365.66 |
Monthly Payment |
Total PMI |
Total Payments |
|---|---|---|
| $ 1,269.92 | $ 0.00 | $ 217,391.31 |
Over the 10 year evaluation period of the loan, total payments with the 20% down payment will be $1,974.35 lower than if you make the 10% down payment .
| Down Payment One | Down Payment Two | |
|---|---|---|
| Total Interest | $ 119,608.14 | $ 98,535.44 |
| Total PMI | $ 9,019.12 | $ 0.00 |
| Total Principal | $ 58,238.40 | $ 53,855.87 |
| Total Down Payment | $ 32,500.00 | $ 65,000.00 |
| Total Payments | $ 219,365.66 | $ 217,391.31 |
