Use the mortgage calculator to calculate the cost of buying a $290k 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 290,000 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 $290,000 house.
$290,000 Home at 2%
| 0% down | $1,071.90/mo |
| 5% down | $1,018.30/mo |
| 10% down | $964.71/mo |
| 15% down | $911.11/mo |
| 20% down | $857.52/mo |
| 25% down | $803.92/mo |
| 30% down | $750.33/mo |
| 35% down | $696.73/mo |
| 40% down | $643.14/mo |
| 45% down | $589.54/mo |
| 50% down | $535.95/mo |
$290,000 Home at 4%
| 0% down | $1,384.50/mo |
| 5% down | $1,315.28/mo |
| 10% down | $1,246.05/mo |
| 15% down | $1,176.83/mo |
| 20% down | $1,107.60/mo |
| 25% down | $1,038.38/mo |
| 30% down | $969.15/mo |
| 35% down | $899.93/mo |
| 40% down | $830.70/mo |
| 45% down | $761.48/mo |
| 50% down | $692.25/mo |
$290,000 Home at 6%
| 0% down | $1,738.70/mo |
| 5% down | $1,651.76/mo |
| 10% down | $1,564.83/mo |
| 15% down | $1,477.89/mo |
| 20% down | $1,390.96/mo |
| 25% down | $1,304.02/mo |
| 30% down | $1,217.09/mo |
| 35% down | $1,130.15/mo |
| 40% down | $1,043.22/mo |
| 45% down | $956.28/mo |
| 50% down | $869.35/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.