Hi All, Bit of a fundamental question here, but one I am stuck on. For OO loan, how is the value of your deposit taken into account when determining loan repayments? I cannot seem to find the answer myself. The banks online calculators do not include deposit amount as an input, with the exception that some have options of "> 20%" or "<20%". However, these calculators match up with the excel PMT formula function, which also does not include a variable/input for deposit amount. Syntax PMT(rate, nper, pv, [fv], [type]) The PMT function syntax has the following arguments: Rate Required. The interest rate for the loan. Nper Required. The total number of payments for the loan. Pv Required. The present value, or the total amount that a series of future payments is worth now; also known as the principal. Fv Optional. The future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (zero), that is, the future value of a loan is 0. Type Optional. The number 0 (zero) or 1 and indicates when payments are due. Is 20% deposit just assumed by both the PMT and bank calculators? This doesnt seem right to me? Thanks in advance!