$216,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $216k 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 216,000 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 $216,000 house.
2% interest
0% down$798.38/mo
5% down$758.46/mo
10% down$718.54/mo
15% down$678.62/mo
20% down$638.70/mo
25% down$598.78/mo
30% down$558.86/mo
35% down$518.95/mo
40% down$479.03/mo
45% down$439.11/mo
50% down$399.19/mo
4% interest
0% down$1,031.22/mo
5% down$979.66/mo
10% down$928.10/mo
15% down$876.53/mo
20% down$824.97/mo
25% down$773.41/mo
30% down$721.85/mo
35% down$670.29/mo
40% down$618.73/mo
45% down$567.17/mo
50% down$515.61/mo
6% interest
0% down$1,295.03/mo
5% down$1,230.28/mo
10% down$1,165.53/mo
15% down$1,100.77/mo
20% down$1,036.02/mo
25% down$971.27/mo
30% down$906.52/mo
35% down$841.77/mo
40% down$777.02/mo
45% down$712.27/mo
50% down$647.51/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 216,000 house with a 20% down payment?
($172,800 loan. 30 year mortgage)
0.25%$498.27
0.50%$517.00
0.75%$536.17
1.00%$555.79
1.25%$575.86
1.50%$596.37
1.75%$617.32
2.00%$638.70
2.25%$660.52
2.50%$682.77
2.75%$705.44
3.00%$728.53
3.25%$752.04
3.50%$775.95
3.75%$800.26
4.00%$824.97
4.25%$850.07
4.50%$875.55
4.75%$901.41
5.00%$927.63
5.25%$954.21
5.50%$981.14
5.75%$1,008.41
6.00%$1,036.02
6.25%$1,063.96
6.50%$1,092.21
6.75%$1,120.78
7.00%$1,149.64
7.25%$1,178.80
7.50%$1,208.24
7.75%$1,237.96
8.00%$1,267.95
8.25%$1,298.19
8.50%$1,328.68
8.75%$1,359.42
9.00%$1,390.39
9.25%$1,421.58
9.50%$1,453.00
9.75%$1,484.62
10.00%$1,516.44
10.25%$1,548.46
10.50%$1,580.67
10.75%$1,613.06
11.00%$1,645.61
11.25%$1,678.34
11.50%$1,711.22
11.75%$1,744.26
12.00%$1,777.44