Use the mortgage calculator to calculate the cost of buying a $212k 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 212,000 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 $212,000 house.
$212,000 Home at 2%
| 0% down | $783.59/mo |
| 5% down | $744.41/mo |
| 10% down | $705.23/mo |
| 15% down | $666.05/mo |
| 20% down | $626.87/mo |
| 25% down | $587.69/mo |
| 30% down | $548.52/mo |
| 35% down | $509.34/mo |
| 40% down | $470.16/mo |
| 45% down | $430.98/mo |
| 50% down | $391.80/mo |
$212,000 Home at 4%
| 0% down | $1,012.12/mo |
| 5% down | $961.51/mo |
| 10% down | $910.91/mo |
| 15% down | $860.30/mo |
| 20% down | $809.70/mo |
| 25% down | $759.09/mo |
| 30% down | $708.48/mo |
| 35% down | $657.88/mo |
| 40% down | $607.27/mo |
| 45% down | $556.67/mo |
| 50% down | $506.06/mo |
$212,000 Home at 6%
| 0% down | $1,271.05/mo |
| 5% down | $1,207.49/mo |
| 10% down | $1,143.94/mo |
| 15% down | $1,080.39/mo |
| 20% down | $1,016.84/mo |
| 25% down | $953.29/mo |
| 30% down | $889.73/mo |
| 35% down | $826.18/mo |
| 40% down | $762.63/mo |
| 45% down | $699.08/mo |
| 50% down | $635.52/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.