Down-Payment Savings TrackerMicromedia Digital

See the month you'll have your down payment

Type the price you're aiming for and what you've saved. You get your goal (down payment, closing costs and a cushion), the month you'll reach it at your pace, and a rough monthly payment at a rate you type. Everything stays on this device.

Your answer

Your down-payment goal

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Reach it by a month you pick

Pick a month to see the monthly amount that reaches your goal by then.

What if the price changes?

Move the slider to see the new goal, finish month and payment together.

Down payment and closing costs follow your settings (percentages scale with the price). Tax, insurance, HOA and mortgage insurance stay as you typed them.

Your goal

These buttons only type the number for you. They aren't a suggestion. You choose the percentage.

Closing costs: enter them as

Your lender's Loan Estimate shows this.

Your savings

Accounts

Where the money sits today. Add as many as you have. Deposits you log later are added on top of these balances.

Leave it blank for none. The tool adds interest at the APY you type, at month end before that month's deposit, with nothing taken off for tax or fees.

Planned one-time deposits

A tax refund, a bonus, a gift from family. Pick next month or later.

Rough monthly payment

A rough estimate that uses only the rate you type. Nothing is filled in for you, and the sample's 6.5% is just an example, not a current rate or a quote.

Leave it blank unless your lender quoted an amount.

A rough estimate from the numbers you enter. Not financial or lending advice, not a loan offer or pre-approval. Your lender's Loan Estimate is what counts.

Your path to the goal

Show the month-by-month projection

Deposit log

Record each deposit you actually make. The projection starts again from what you really have. Use a minus sign for money you took out.

How to use it (30 seconds)

  1. Press Load sample data to see an example, or type your own home price, down payment % and closing costs.
  2. Add the accounts holding your savings and how much you add each month. The month you'll reach your goal updates as you type.
  3. Try it: with the sample loaded, change "Saved each month" from 1,000 to 1,250 and watch the finish month move up.
  4. Pick a month under "Reach it by" to see the monthly amount that reaches your goal by then. Log real deposits as you make them.
  5. Type your own rate for a rough monthly payment. It's an estimate from your numbers, not a quote.
  6. Everything saves on this device. Use Export for a backup file, and Import to load it on another device.

Clear everything?

This removes your goal, accounts, planned deposits, deposit log and payment numbers from this device. Export a backup first if you want to keep a copy.