Under contract
Lowest monthly payment on this property, before the Loan Estimate.
20% down
- Estimated monthly payment
- $2,212.54
- Cash at closing
- $70,399
- Interest rate
- 5.499%
- APR (rate with fees)
- 5.812%
Mortgage Strategy
Prepared for George
File SM251061
Your Home Loan Strategy
1060 Sunny Vale
These numbers are for this property, under contract, before the Loan Estimate goes out. The home price and the 5.499% rate stay the same. What changes is how much you put down, the loan size, mortgage insurance, cash at closing, and the payment. This is not the Loan Estimate.
See My 4 Down Payment Options
Niko Kramer
Mortgage Loan Officer
Satori Mortgage · NMLS #2180891
- Under contract
- 4 down payment options
- Prepared Aug. 17, 2026
- Not a Loan Estimate
Your down payment options at a glance
This comes from your loan application. These figures are for this property, before the Loan Estimate.
Compare down payments
Four down payment options for this property, from your loan application, before the Loan Estimate. Tap a down payment to see more of the numbers. On a phone, you can also swipe between cards.
Currently showing 20% down.
Your payment
What’s in the monthly payment
The total includes more than the loan itself. Property taxes and homeowners insurance are homeownership costs, not extra profit for the lender.
$2,212.54/month
Total each month · 20% down
- Your loan payment (principal + interest)
$1,362.54
62%
- Property Taxes
$550
25%
- Homeowners Insurance
$300
14%
- Total each month
$2,212.54
At closing
Cash you bring to closing
Here is where that money goes: down payment, services, and bills paid ahead. This is not an official closing form.
$75,399
Cash at closing · 20% down
Becomes your ownership
Down payment
Loan pricing
Loan costs and other closing services
Paid ahead
Bills paid ahead
Set aside for bills
Money set aside for future bills
Down Payment
Becomes your ownership
$60,000
Underwriting fee
Underwriting fee
$1,195
Discount points
Discount points
$5,200
Title, appraisal, and other services
Other company
$5,680
Prepaid homeowners insurance
Paid ahead
$3,600
Money set aside for future bills
Set aside for bills
$2,550
Recording and government fees
Recording / government
$174
Seller credit
Lowers cash needed
-$5,000
Cash deposit on sales contract
Lowers cash needed
-$3,000
Cash at closing
$75,399
These are estimates. Actual charges may be more or less, and your rate, points, and credits can change unless you lock.
Seller help
If the seller helps with closing costs
Sometimes the seller can pay part of your closing costs. Move from $0 to the allowed maximum to see how that changes the cash you bring to closing. Each option uses its own home price when figuring the cap.
Each loan type has a maximum the seller can contribute. That cap depends on the loan program and how large the loan is compared with the home price. This slider does not change your interest rate.
$0Highest allowed among these options: $18,000
$0
Credit used for 20% down
$75,399
Cash you’d bring after this credit
5% down
Home price $300,000 · 3% allowed · $9,000
- Seller help applied
- -$0
- Cash with no seller help
- $30,899
- Cash after seller help
- $30,899
10% down
Home price $300,000 · 6% allowed · $18,000
- Seller help applied
- -$0
- Cash with no seller help
- $45,399
- Cash after seller help
- $45,399
15% down
Home price $300,000 · 6% allowed · $18,000
- Seller help applied
- -$0
- Cash with no seller help
- $60,399
- Cash after seller help
- $60,399
20% down
Home price $300,000 · 6% allowed · $18,000
- Seller help applied
- -$0
- Cash with no seller help
- $75,399
- Cash after seller help
- $75,399
Fees explained
What these fees mean
Tap the information icon on any charge to see what it is, where that amount goes, and whether it is loan pricing or something else.
Where the money goes
Who gets the money?
Cash at closing is not the same as “fees paid to the lender.”
Some of this money becomes your ownership in the home. Some pays companies that do the work. Some covers bills you’d have as a homeowner anyway. Some is set aside for upcoming tax and insurance bills.
- Becomes your ownership$60,000
Down payment (your equity)
- Set aside for bills$6,150
Bills paid ahead and future tax/insurance reserves
- Other company$5,680
Other closing services
- Underwriting fee$1,195
Underwriting fee
- Discount points$5,200
Discount points
- Recording / government$174
Recording and government fees
Example cash-to-close allocation totaling $78,399.
Over time
What it might cost over time
Compare how much interest, insurance, and principal each down payment can add up to. These are examples using the numbers on this page.
- 5% down
- 10% down
- 15% down
- 20% down
5% down
- Interest paid
- $75,590.43
- Mortgage insurance paid
- $5,842.80
- Principal paid
- $21,490.77
- Remaining balance
- $263,509.23
10% down
- Interest paid
- $71,611.97
- Mortgage insurance paid
- $4,185
- Principal paid
- $20,359.63
- Remaining balance
- $249,640.37
15% down
- Interest paid
- $67,633.56
- Mortgage insurance paid
- $2,677.80
- Principal paid
- $19,228.44
- Remaining balance
- $235,771.56
20% down
- Interest paid
- $63,655.11
- Mortgage insurance paid
- $0
- Principal paid
- $18,097.29
- Remaining balance
- $221,902.71
Interest paid over the selected horizon: 5% down $75,590.43. 10% down $71,611.97. 15% down $67,633.56. 20% down $63,655.11
Paying extra
What if you paid a little extra?
See how adding a little more toward the loan each month can change how soon you pay it off and how much interest you pay.
Calculated for 20% down from the payment and rate shown, not a guess.
$0 to $1,000 extra per month
$250
Extra each month
9 years, 2 months sooner
Estimated payoff sooner
$86,397.67
Estimated interest saved
Original payment plan
- Estimated payoff
- September 1, 2056
- Total interest
- $250,517.16
- Balance at 5 years
- $221,902.71
- Balance at 10 years
- $198,093.24
Accelerated payment plan
- Estimated payoff
- July 1, 2047
- Estimated total interest
- $164,119.49
- Balance at 5 years
- $204,682.95
- Balance at 10 years
- $158,218.49
- Original payment plan
- Accelerated payment plan
Line chart comparing remaining loan balance under the original payment plan and a plan with $250 extra toward the loan each month.
Choosing with confidence
Choose the numbers that fit your life
Today
What payment and cash at closing feel comfortable right now?
Your timeline
How long do you realistically expect to keep this loan?
Flexibility
How important is keeping cash on hand, a lower required payment, and room to change later?
There is not always one universally “best” loan. The goal is to understand the tradeoffs and choose the option that best supports your situation.
Let’s talk
Questions about any of the numbers?
Niko Kramer
Mortgage Loan Officer, Satori Mortgage
NMLS #2180891
These contact buttons are examples for this demonstration. Phone, text, and application links are placeholders.
Save PDF is a demonstration action in this prototype.