Use the mortgage calculator to calculate the cost of buying a $293k 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 293,000 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 $293,000 house.
$293,000 Home at 2%
| 0% down | $1,082.99/mo |
| 5% down | $1,028.84/mo |
| 10% down | $974.69/mo |
| 15% down | $920.54/mo |
| 20% down | $866.39/mo |
| 25% down | $812.24/mo |
| 30% down | $758.09/mo |
| 35% down | $703.94/mo |
| 40% down | $649.79/mo |
| 45% down | $595.64/mo |
| 50% down | $541.49/mo |
$293,000 Home at 4%
| 0% down | $1,398.83/mo |
| 5% down | $1,328.89/mo |
| 10% down | $1,258.94/mo |
| 15% down | $1,189.00/mo |
| 20% down | $1,119.06/mo |
| 25% down | $1,049.12/mo |
| 30% down | $979.18/mo |
| 35% down | $909.24/mo |
| 40% down | $839.30/mo |
| 45% down | $769.35/mo |
| 50% down | $699.41/mo |
$293,000 Home at 6%
| 0% down | $1,756.68/mo |
| 5% down | $1,668.85/mo |
| 10% down | $1,581.01/mo |
| 15% down | $1,493.18/mo |
| 20% down | $1,405.35/mo |
| 25% down | $1,317.51/mo |
| 30% down | $1,229.68/mo |
| 35% down | $1,141.84/mo |
| 40% down | $1,054.01/mo |
| 45% down | $966.18/mo |
| 50% down | $878.34/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.