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Use these work sheets, calculators and money-saving tips to guide your mortgage decisions.
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Understanding mortgages
Work sheet: Saving for a down payment

   Down payment work sheet
Use this work sheet to track savings toward a down payment.
 
11 ways to come up with a down payment
box.jpg (790 bytes) Pay off your plastic.
box.jpg (790 bytes) Ladder CDs to boost savings.
box.jpg (790 bytes) Use special programs.
box.jpg (790 bytes) Tap your IRA.
box.jpg (790 bytes) Borrow from your 401(k).
box.jpg (790 bytes) Get a gift.
box.jpg (790 bytes) Ask for a raise.
box.jpg (790 bytes) Get a second job.
box.jpg (790 bytes) Look for lost loot in the form of expired savings bonds or old savings accounts.
box.jpg (790 bytes) Get an appraisal.
box.jpg (790 bytes) Auction off unwanted items.


Calculate how much to save per month
How much do you need for a down payment?   $_____________
Down payment: $________ / 2 months = $_______ to save per month.
Down payment: $________ / 4 months = $_______ to save per month.
Down payment: $________ / 6 months = $_______ to save per month.
Down payment: $________ / 8 months = $_______ to save per month.
Down payment: $_______ / 10 months = $_______ to save per month.
Down payment: $_______ / 12 months = $_______ to save per month.


Track your savings
Month 1: $ __________  
Month 2: $ __________  
Month 3: $ __________  
Month 4: $ __________  
Month 5: $ __________  
Month 6: $ __________  
Month 7: $ __________  
Month 8: $ __________  
Month 9: $ __________  
Month 10: $ __________  
Month 11: $ __________  
Month 12: $ __________  
Total annual savings: $ __________  

View worksheet archive
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