$203,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $203k 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 203,000 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 $203,000 house.
2% interest
0% down$750.33/mo
5% down$712.81/mo
10% down$675.29/mo
15% down$637.78/mo
20% down$600.26/mo
25% down$562.75/mo
30% down$525.23/mo
35% down$487.71/mo
40% down$450.20/mo
45% down$412.68/mo
50% down$375.16/mo
4% interest
0% down$969.15/mo
5% down$920.70/mo
10% down$872.24/mo
15% down$823.78/mo
20% down$775.32/mo
25% down$726.86/mo
30% down$678.41/mo
35% down$629.95/mo
40% down$581.49/mo
45% down$533.03/mo
50% down$484.58/mo
6% interest
0% down$1,217.09/mo
5% down$1,156.23/mo
10% down$1,095.38/mo
15% down$1,034.52/mo
20% down$973.67/mo
25% down$912.82/mo
30% down$851.96/mo
35% down$791.11/mo
40% down$730.25/mo
45% down$669.40/mo
50% down$608.54/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 203,000 house with a 20% down payment?
($162,400 loan. 30 year mortgage)
0.25%$468.29
0.50%$485.88
0.75%$503.90
1.00%$522.34
1.25%$541.20
1.50%$560.48
1.75%$580.16
2.00%$600.26
2.25%$620.77
2.50%$641.68
2.75%$662.98
3.00%$684.68
3.25%$706.78
3.50%$729.25
3.75%$752.10
4.00%$775.32
4.25%$798.91
4.50%$822.86
4.75%$847.16
5.00%$871.80
5.25%$896.78
5.50%$922.09
5.75%$947.72
6.00%$973.67
6.25%$999.92
6.50%$1,026.48
6.75%$1,053.32
7.00%$1,080.45
7.25%$1,107.85
7.50%$1,135.52
7.75%$1,163.45
8.00%$1,191.63
8.25%$1,220.06
8.50%$1,248.72
8.75%$1,277.60
9.00%$1,306.71
9.25%$1,336.02
9.50%$1,365.55
9.75%$1,395.27
10.00%$1,425.18
10.25%$1,455.27
10.50%$1,485.54
10.75%$1,515.97
11.00%$1,546.57
11.25%$1,577.33
11.50%$1,608.23
11.75%$1,639.28
12.00%$1,670.47