Enter a whole number (e.g. 0, 5, 10, 15, 20, etc) without the percentage sign. Math... Subtract loan balance from purchase price. Take that number and divide by purchase price. (e.g. $300,000 purchase price - $200,00 loan = $100,000 in equity. Then do step 2, $100,000 equity / $300,000 purchase price = .33 or 33% down payment.
Enter a whole number (e.g. 0, 5, 10, 15, 20, etc) without the percentage sign. Math... Subtract loan balance from home value. Take that number and divide by home value. (e.g. $300,000 home value - $200,00 loan = $100,000 in equity. Then do step 2, $100,000 equity / $300,000 home value = .33 or 33% equity.
Math... Subtract loan balance from home value. Take that number and divide by home value. (e.g. $300,000 home value - $200,00 loan = $100,000 in equity. Then do step 2, $100,000 equity / $300,000 home value = .33 or 33% equity.