Use the mortgage calculator to calculate the cost of buying a $211k 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 211,000 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 $211,000 house.
$211,000 Home at 2%
| 0% down | $779.90/mo |
| 5% down | $740.90/mo |
| 10% down | $701.91/mo |
| 15% down | $662.91/mo |
| 20% down | $623.92/mo |
| 25% down | $584.92/mo |
| 30% down | $545.93/mo |
| 35% down | $506.93/mo |
| 40% down | $467.94/mo |
| 45% down | $428.94/mo |
| 50% down | $389.95/mo |
$211,000 Home at 4%
| 0% down | $1,007.35/mo |
| 5% down | $956.98/mo |
| 10% down | $906.61/mo |
| 15% down | $856.24/mo |
| 20% down | $805.88/mo |
| 25% down | $755.51/mo |
| 30% down | $705.14/mo |
| 35% down | $654.78/mo |
| 40% down | $604.41/mo |
| 45% down | $554.04/mo |
| 50% down | $503.67/mo |
$211,000 Home at 6%
| 0% down | $1,265.05/mo |
| 5% down | $1,201.80/mo |
| 10% down | $1,138.55/mo |
| 15% down | $1,075.29/mo |
| 20% down | $1,012.04/mo |
| 25% down | $948.79/mo |
| 30% down | $885.54/mo |
| 35% down | $822.28/mo |
| 40% down | $759.03/mo |
| 45% down | $695.78/mo |
| 50% down | $632.53/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.