HCF of two numbers

Down-Payment Amount Calculator

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Important Formulas of Mortgage and Real Estate

✖Final Sale Price is the total amount paid by a buyer to acquire a property or asset at the conclusion of a sales transaction.ⓘ Final Sale Price [SP]			+10% -10%
✖Percentage Payment refers to a portion of a total amount, usually expressed as a percentage of the whole.ⓘ Percentage Payment [%P]			+10% -10%

✖Down Payment Amount is the initial payment made by a buyer towards the purchase price of a property, usually expressed as a percentage of the total price.ⓘ Down-Payment Amount [DPA]

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Down-Payment Amount Solution

STEP 0: Pre-Calculation Summary

Formula Used

Down Payment Amount = Final Sale Price*Percentage Payment
DPA = SP*%P
This formula uses 3 Variables

Variables Used

Down Payment Amount - Down Payment Amount is the initial payment made by a buyer towards the purchase price of a property, usually expressed as a percentage of the total price.
Final Sale Price - Final Sale Price is the total amount paid by a buyer to acquire a property or asset at the conclusion of a sales transaction.
Percentage Payment - Percentage Payment refers to a portion of a total amount, usually expressed as a percentage of the whole.

STEP 1: Convert Input(s) to Base Unit

Final Sale Price: 2500000 --> No Conversion Required
Percentage Payment: 0.2 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

DPA = SP*%P --> 2500000*0.2

Evaluating ... ...

DPA = 500000

STEP 3: Convert Result to Output's Unit

500000 --> No Conversion Required

FINAL ANSWER

500000 <-- Down Payment Amount

(Calculation completed in 00.004 seconds)

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Created by Keerthika Bathula

Indian Institute of Technology, Indian School of mines, Dhanbad (IIT ISM Dhanbad), Dhanbad

Keerthika Bathula has created this Calculator and 100+ more calculators!

Verified by Aashna

IGNOU (IGNOU), India

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Down-Payment Amount Formula

LaTeX Go

Down Payment Amount = Final Sale Price*Percentage Payment
DPA = SP*%P

What is Down-Payment Amount ?

The down payment amount refers to the initial payment made by a buyer towards the purchase price of a property, typically expressed as a percentage of the total purchase price. This payment is made upfront at the time of closing the real estate transaction and is separate from the mortgage loan amount. The down payment is a crucial aspect of buying property as it represents the buyer's equity in the property and affects the loan-to-value ratio (LTV) for the mortgage. A higher down payment percentage often results in a lower LTV ratio, potentially leading to better loan terms such as lower interest rates or avoiding private mortgage insurance (PMI). Down payment amounts can vary based on factors like loan programs, lender requirements, and the buyer's financial situation.

How to Calculate Down-Payment Amount?

Down-Payment Amount calculator uses Down Payment Amount = Final Sale Price*Percentage Payment to calculate the Down Payment Amount, The Down-Payment Amount is the initial payment made by a buyer towards the purchase price of a property, usually expressed as a percentage of the total price. Down Payment Amount is denoted by DPA symbol.

How to calculate Down-Payment Amount using this online calculator? To use this online calculator for Down-Payment Amount, enter Final Sale Price (SP) & Percentage Payment (%P) and hit the calculate button. Here is how the Down-Payment Amount calculation can be explained with given input values -> 500000 = 2500000*0.2.

FAQ

What is Down-Payment Amount?

The Down-Payment Amount is the initial payment made by a buyer towards the purchase price of a property, usually expressed as a percentage of the total price and is represented as DPA = SP*%P or Down Payment Amount = Final Sale Price*Percentage Payment. Final Sale Price is the total amount paid by a buyer to acquire a property or asset at the conclusion of a sales transaction & Percentage Payment refers to a portion of a total amount, usually expressed as a percentage of the whole.

How to calculate Down-Payment Amount?

The Down-Payment Amount is the initial payment made by a buyer towards the purchase price of a property, usually expressed as a percentage of the total price is calculated using Down Payment Amount = Final Sale Price*Percentage Payment. To calculate Down-Payment Amount, you need Final Sale Price (SP) & Percentage Payment (%P). With our tool, you need to enter the respective value for Final Sale Price & Percentage Payment and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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