Page Text: Rate of Return on Larger Down Payment
Who This Calculator is For: Borrowers with enough cash to make a down
payment in excess of the minimum required on a particular loan, who want to
know whether using the cash to increase the down payment earns a high rate of return.
What This Calculator Does: This calculator allows you to determine the rate of return
on an investment in a larger down payment that reduces or eliminates mortgage
insurance, and that might reduce the interest rate.