Use the mortgage calculator to calculate the cost of buying a $209k 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 209,000 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 $209,000 house.
$209,000 Home at 2%
| 0% down | $772.50/mo |
| 5% down | $733.88/mo |
| 10% down | $695.25/mo |
| 15% down | $656.63/mo |
| 20% down | $618.00/mo |
| 25% down | $579.38/mo |
| 30% down | $540.75/mo |
| 35% down | $502.13/mo |
| 40% down | $463.50/mo |
| 45% down | $424.88/mo |
| 50% down | $386.25/mo |
$209,000 Home at 4%
| 0% down | $997.80/mo |
| 5% down | $947.91/mo |
| 10% down | $898.02/mo |
| 15% down | $848.13/mo |
| 20% down | $798.24/mo |
| 25% down | $748.35/mo |
| 30% down | $698.46/mo |
| 35% down | $648.57/mo |
| 40% down | $598.68/mo |
| 45% down | $548.79/mo |
| 50% down | $498.90/mo |
$209,000 Home at 6%
| 0% down | $1,253.06/mo |
| 5% down | $1,190.41/mo |
| 10% down | $1,127.75/mo |
| 15% down | $1,065.10/mo |
| 20% down | $1,002.45/mo |
| 25% down | $939.80/mo |
| 30% down | $877.14/mo |
| 35% down | $814.49/mo |
| 40% down | $751.84/mo |
| 45% down | $689.18/mo |
| 50% down | $626.53/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.