![]() ![]() A down payment is the cash you pay upfront for a home, and home equity is the value of the home, minus what you owe. ![]() ![]() In the "Down payment" section, type in the amount of your down payment (if you’re buying) or the amount of equity you have (if you’re refinancing). The calculus behind mortgage payments is complicated, but Bankrate’s Mortgage Calculator makes this math problem quick and easy.įirst, next to the space labeled "Home price," enter the price (if you're buying) or the current value of your home (if you're refinancing). ![]() What to do when you lose your 401(k) match Should you accept an early retirement offer? How much should you contribute to your 401(k)?
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