Use the mortgage calculator to calculate the cost of buying a $292k 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 292,000 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 $292,000 house.
$292,000 Home at 2%
| 0% down | $1,079.29/mo |
| 5% down | $1,025.32/mo |
| 10% down | $971.36/mo |
| 15% down | $917.40/mo |
| 20% down | $863.43/mo |
| 25% down | $809.47/mo |
| 30% down | $755.50/mo |
| 35% down | $701.54/mo |
| 40% down | $647.57/mo |
| 45% down | $593.61/mo |
| 50% down | $539.64/mo |
$292,000 Home at 4%
| 0% down | $1,394.05/mo |
| 5% down | $1,324.35/mo |
| 10% down | $1,254.65/mo |
| 15% down | $1,184.94/mo |
| 20% down | $1,115.24/mo |
| 25% down | $1,045.54/mo |
| 30% down | $975.84/mo |
| 35% down | $906.13/mo |
| 40% down | $836.43/mo |
| 45% down | $766.73/mo |
| 50% down | $697.03/mo |
$292,000 Home at 6%
| 0% down | $1,750.69/mo |
| 5% down | $1,663.15/mo |
| 10% down | $1,575.62/mo |
| 15% down | $1,488.08/mo |
| 20% down | $1,400.55/mo |
| 25% down | $1,313.02/mo |
| 30% down | $1,225.48/mo |
| 35% down | $1,137.95/mo |
| 40% down | $1,050.41/mo |
| 45% down | $962.88/mo |
| 50% down | $875.34/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.