Mortgage Deposit Calculator
What is a deposit
A sum of money paid up by a buyer as part of the sale price of something in order to reserve it (perhaps a mortgage deposit). Depending on the terms agreed, the deposit may or may not be returned if the sale is not completed.
A sum of money left with an organisation, such as a bank, for safe keeping or with a broker, dealer etc as a security to cover any trading losses incurred
A sum of money paid as the first instalment on a hire purchase agreement. It is usually paid when the buyer takes possession of the goods.
This calculater will workout the deposit needed for a house, enter the price of the property and the percentage of the deposit needed.