Use the mortgage calculator to calculate the cost of buying a $207k home. Change the numbers to see different options.
This calc can be used for car loans, debt, real estate, home purchase, etc.
Can I afford a 207,000 dollar house? It depends.
In addition to the mortgage payment, a home also has insurance, maintenance, and taxes.
Taxes can vary drastically by area. A very rough estimate is to not spend more than 30% of your income
on housing.
How do I get a mortgage? A simple first step is to talk to a local banker and fill out a mortgage application. Then consider other offers, either local or online.
How much of a down payment should I make? Here's a little chart that shows monthly payments based on down payment for a $207,000 house.
$207,000 Home at 2%
| 0% down | $765.11/mo |
| 5% down | $726.86/mo |
| 10% down | $688.60/mo |
| 15% down | $650.35/mo |
| 20% down | $612.09/mo |
| 25% down | $573.83/mo |
| 30% down | $535.58/mo |
| 35% down | $497.32/mo |
| 40% down | $459.07/mo |
| 45% down | $420.81/mo |
| 50% down | $382.56/mo |
$207,000 Home at 4%
| 0% down | $988.25/mo |
| 5% down | $938.84/mo |
| 10% down | $889.42/mo |
| 15% down | $840.01/mo |
| 20% down | $790.60/mo |
| 25% down | $741.19/mo |
| 30% down | $691.77/mo |
| 35% down | $642.36/mo |
| 40% down | $592.95/mo |
| 45% down | $543.54/mo |
| 50% down | $494.12/mo |
$207,000 Home at 6%
| 0% down | $1,241.07/mo |
| 5% down | $1,179.02/mo |
| 10% down | $1,116.96/mo |
| 15% down | $1,054.91/mo |
| 20% down | $992.86/mo |
| 25% down | $930.80/mo |
| 30% down | $868.75/mo |
| 35% down | $806.70/mo |
| 40% down | $744.64/mo |
| 45% down | $682.59/mo |
| 50% down | $620.53/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.