Use the mortgage calculator to calculate the cost of buying a $241k 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 241,000 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 $241,000 house.
$241,000 Home at 2%
| 0% down | $890.78/mo |
| 5% down | $846.24/mo |
| 10% down | $801.70/mo |
| 15% down | $757.17/mo |
| 20% down | $712.63/mo |
| 25% down | $668.09/mo |
| 30% down | $623.55/mo |
| 35% down | $579.01/mo |
| 40% down | $534.47/mo |
| 45% down | $489.93/mo |
| 50% down | $445.39/mo |
$241,000 Home at 4%
| 0% down | $1,150.57/mo |
| 5% down | $1,093.04/mo |
| 10% down | $1,035.51/mo |
| 15% down | $977.99/mo |
| 20% down | $920.46/mo |
| 25% down | $862.93/mo |
| 30% down | $805.40/mo |
| 35% down | $747.87/mo |
| 40% down | $690.34/mo |
| 45% down | $632.81/mo |
| 50% down | $575.29/mo |
$241,000 Home at 6%
| 0% down | $1,444.92/mo |
| 5% down | $1,372.67/mo |
| 10% down | $1,300.43/mo |
| 15% down | $1,228.18/mo |
| 20% down | $1,155.93/mo |
| 25% down | $1,083.69/mo |
| 30% down | $1,011.44/mo |
| 35% down | $939.20/mo |
| 40% down | $866.95/mo |
| 45% down | $794.70/mo |
| 50% down | $722.46/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.