How can I use a Down Payment Calculator to factor in property taxes and insurance?

Online down payment calculators cannot factor in additional costs like property taxes and insurance when calculating the down payment amount.

These calculators take basic inputs like asset price, down payment percentage, interest rate and loan terms to calculate the down payment amount and monthly instalments.

They do not have the capability to account for recurring costs like property taxes levied by local municipal authorities or home insurance premiums while computing the down payment.

To get an estimate of the total monthly outgo, you need to manually calculate property taxes and insurance costs based on applicable rates and add these to the EMI amount shown by the down payment calculator.