$199,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $199k 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 199,000 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 $199,000 house.
2% interest
0% down$735.54/mo
5% down$698.77/mo
10% down$661.99/mo
15% down$625.21/mo
20% down$588.43/mo
25% down$551.66/mo
30% down$514.88/mo
35% down$478.10/mo
40% down$441.33/mo
45% down$404.55/mo
50% down$367.77/mo
4% interest
0% down$950.06/mo
5% down$902.55/mo
10% down$855.05/mo
15% down$807.55/mo
20% down$760.05/mo
25% down$712.54/mo
30% down$665.04/mo
35% down$617.54/mo
40% down$570.03/mo
45% down$522.53/mo
50% down$475.03/mo
6% interest
0% down$1,193.11/mo
5% down$1,133.45/mo
10% down$1,073.79/mo
15% down$1,014.14/mo
20% down$954.48/mo
25% down$894.83/mo
30% down$835.17/mo
35% down$775.52/mo
40% down$715.86/mo
45% down$656.21/mo
50% down$596.55/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 199,000 house with a 20% down payment?
($159,200 loan. 30 year mortgage)
0.25%$459.06
0.50%$476.31
0.75%$493.97
1.00%$512.05
1.25%$530.54
1.50%$549.43
1.75%$568.73
2.00%$588.43
2.25%$608.54
2.50%$629.03
2.75%$649.92
3.00%$671.19
3.25%$692.85
3.50%$714.88
3.75%$737.28
4.00%$760.05
4.25%$783.17
4.50%$806.64
4.75%$830.46
5.00%$854.62
5.25%$879.11
5.50%$903.92
5.75%$929.05
6.00%$954.48
6.25%$980.22
6.50%$1,006.25
6.75%$1,032.57
7.00%$1,059.16
7.25%$1,086.02
7.50%$1,113.15
7.75%$1,140.53
8.00%$1,168.15
8.25%$1,196.02
8.50%$1,224.11
8.75%$1,252.43
9.00%$1,280.96
9.25%$1,309.70
9.50%$1,338.64
9.75%$1,367.77
10.00%$1,397.09
10.25%$1,426.59
10.50%$1,456.26
10.75%$1,486.10
11.00%$1,516.10
11.25%$1,546.25
11.50%$1,576.54
11.75%$1,606.98
12.00%$1,637.55