Use the mortgage calculator to calculate the cost of buying a $243k 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 243,000 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 $243,000 house.
$243,000 Home at 2%
| 0% down | $898.18/mo |
| 5% down | $853.27/mo |
| 10% down | $808.36/mo |
| 15% down | $763.45/mo |
| 20% down | $718.54/mo |
| 25% down | $673.63/mo |
| 30% down | $628.72/mo |
| 35% down | $583.81/mo |
| 40% down | $538.91/mo |
| 45% down | $494.00/mo |
| 50% down | $449.09/mo |
$243,000 Home at 4%
| 0% down | $1,160.12/mo |
| 5% down | $1,102.11/mo |
| 10% down | $1,044.11/mo |
| 15% down | $986.10/mo |
| 20% down | $928.10/mo |
| 25% down | $870.09/mo |
| 30% down | $812.08/mo |
| 35% down | $754.08/mo |
| 40% down | $696.07/mo |
| 45% down | $638.07/mo |
| 50% down | $580.06/mo |
$243,000 Home at 6%
| 0% down | $1,456.91/mo |
| 5% down | $1,384.06/mo |
| 10% down | $1,311.22/mo |
| 15% down | $1,238.37/mo |
| 20% down | $1,165.53/mo |
| 25% down | $1,092.68/mo |
| 30% down | $1,019.84/mo |
| 35% down | $946.99/mo |
| 40% down | $874.14/mo |
| 45% down | $801.30/mo |
| 50% down | $728.45/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.