Down Payment Calculator:
How much do you need from friends and family?
Social loans on HousePlant are simple interest, with a maximum of 5% of the value of the loaned amount. This modest interest is a helpful thank you to the person who loans you money. Most importantly, social loans empower you with a bigger down payment that will save you thousands or even tens of thousands of dollars off your mortgage and even eliminate PMI costs.
Use this mortgage calculator to see how much lifetime interest a bigger downpayment would save you:
Javascript Mortgage Calculator by MortgageCalculator.org
Compare your mortgages if you put down your own savings versus if you could match your savings with social loans and gifts:
Why Down Payments Matter
“Having a more competitive down payment was what made ours the winning bid.”
— Happy New Homebuyer in Sacramento, CA
“Millennials have income, but they can’t do down payments."
— Cynthia Lippert, former president of the Atlanta Realtors Association