Use the mortgage calculator to calculate the cost of buying a $217k 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 217,000 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 $217,000 house.
$217,000 Home at 2%
| 0% down | $802.07/mo |
| 5% down | $761.97/mo |
| 10% down | $721.87/mo |
| 15% down | $681.76/mo |
| 20% down | $641.66/mo |
| 25% down | $601.56/mo |
| 30% down | $561.45/mo |
| 35% down | $521.35/mo |
| 40% down | $481.24/mo |
| 45% down | $441.14/mo |
| 50% down | $401.04/mo |
$217,000 Home at 4%
| 0% down | $1,035.99/mo |
| 5% down | $984.19/mo |
| 10% down | $932.39/mo |
| 15% down | $880.59/mo |
| 20% down | $828.79/mo |
| 25% down | $776.99/mo |
| 30% down | $725.19/mo |
| 35% down | $673.39/mo |
| 40% down | $621.59/mo |
| 45% down | $569.80/mo |
| 50% down | $518.00/mo |
$217,000 Home at 6%
| 0% down | $1,301.02/mo |
| 5% down | $1,235.97/mo |
| 10% down | $1,170.92/mo |
| 15% down | $1,105.87/mo |
| 20% down | $1,040.82/mo |
| 25% down | $975.77/mo |
| 30% down | $910.72/mo |
| 35% down | $845.67/mo |
| 40% down | $780.61/mo |
| 45% down | $715.56/mo |
| 50% down | $650.51/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.