Use the mortgage calculator to calculate the cost of buying a $208k 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 208,000 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 $208,000 house.
$208,000 Home at 2%
| 0% down | $768.81/mo |
| 5% down | $730.37/mo |
| 10% down | $691.93/mo |
| 15% down | $653.49/mo |
| 20% down | $615.05/mo |
| 25% down | $576.61/mo |
| 30% down | $538.17/mo |
| 35% down | $499.73/mo |
| 40% down | $461.29/mo |
| 45% down | $422.84/mo |
| 50% down | $384.40/mo |
$208,000 Home at 4%
| 0% down | $993.02/mo |
| 5% down | $943.37/mo |
| 10% down | $893.72/mo |
| 15% down | $844.07/mo |
| 20% down | $794.42/mo |
| 25% down | $744.77/mo |
| 30% down | $695.12/mo |
| 35% down | $645.47/mo |
| 40% down | $595.81/mo |
| 45% down | $546.16/mo |
| 50% down | $496.51/mo |
$208,000 Home at 6%
| 0% down | $1,247.07/mo |
| 5% down | $1,184.71/mo |
| 10% down | $1,122.36/mo |
| 15% down | $1,060.01/mo |
| 20% down | $997.65/mo |
| 25% down | $935.30/mo |
| 30% down | $872.95/mo |
| 35% down | $810.59/mo |
| 40% down | $748.24/mo |
| 45% down | $685.89/mo |
| 50% down | $623.53/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.