Use the mortgage calculator to calculate the cost of buying a $215k 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 215,000 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 $215,000 house.
$215,000 Home at 2%
| 0% down | $794.68/mo |
| 5% down | $754.95/mo |
| 10% down | $715.21/mo |
| 15% down | $675.48/mo |
| 20% down | $635.75/mo |
| 25% down | $596.01/mo |
| 30% down | $556.28/mo |
| 35% down | $516.54/mo |
| 40% down | $476.81/mo |
| 45% down | $437.08/mo |
| 50% down | $397.34/mo |
$215,000 Home at 4%
| 0% down | $1,026.44/mo |
| 5% down | $975.12/mo |
| 10% down | $923.80/mo |
| 15% down | $872.48/mo |
| 20% down | $821.15/mo |
| 25% down | $769.83/mo |
| 30% down | $718.51/mo |
| 35% down | $667.19/mo |
| 40% down | $615.87/mo |
| 45% down | $564.54/mo |
| 50% down | $513.22/mo |
$215,000 Home at 6%
| 0% down | $1,289.03/mo |
| 5% down | $1,224.58/mo |
| 10% down | $1,160.13/mo |
| 15% down | $1,095.68/mo |
| 20% down | $1,031.23/mo |
| 25% down | $966.78/mo |
| 30% down | $902.32/mo |
| 35% down | $837.87/mo |
| 40% down | $773.42/mo |
| 45% down | $708.97/mo |
| 50% down | $644.52/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.