Use the mortgage calculator to calculate the cost of buying a $234k 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 234,000 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 $234,000 house.
$234,000 Home at 2%
| 0% down | $864.91/mo |
| 5% down | $821.66/mo |
| 10% down | $778.42/mo |
| 15% down | $735.17/mo |
| 20% down | $691.93/mo |
| 25% down | $648.68/mo |
| 30% down | $605.44/mo |
| 35% down | $562.19/mo |
| 40% down | $518.95/mo |
| 45% down | $475.70/mo |
| 50% down | $432.45/mo |
$234,000 Home at 4%
| 0% down | $1,117.15/mo |
| 5% down | $1,061.29/mo |
| 10% down | $1,005.44/mo |
| 15% down | $949.58/mo |
| 20% down | $893.72/mo |
| 25% down | $837.86/mo |
| 30% down | $782.01/mo |
| 35% down | $726.15/mo |
| 40% down | $670.29/mo |
| 45% down | $614.43/mo |
| 50% down | $558.58/mo |
$234,000 Home at 6%
| 0% down | $1,402.95/mo |
| 5% down | $1,332.80/mo |
| 10% down | $1,262.65/mo |
| 15% down | $1,192.51/mo |
| 20% down | $1,122.36/mo |
| 25% down | $1,052.21/mo |
| 30% down | $982.06/mo |
| 35% down | $911.92/mo |
| 40% down | $841.77/mo |
| 45% down | $771.62/mo |
| 50% down | $701.47/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.