$218,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $218k 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 218,000 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 $218,000 house.
2% interest
0% down$805.77/mo
5% down$765.48/mo
10% down$725.19/mo
15% down$684.90/mo
20% down$644.62/mo
25% down$604.33/mo
30% down$564.04/mo
35% down$523.75/mo
40% down$483.46/mo
45% down$443.17/mo
50% down$402.89/mo
4% interest
0% down$1,040.77/mo
5% down$988.73/mo
10% down$936.69/mo
15% down$884.65/mo
20% down$832.61/mo
25% down$780.57/mo
30% down$728.54/mo
35% down$676.50/mo
40% down$624.46/mo
45% down$572.42/mo
50% down$520.38/mo
6% interest
0% down$1,307.02/mo
5% down$1,241.67/mo
10% down$1,176.32/mo
15% down$1,110.97/mo
20% down$1,045.62/mo
25% down$980.27/mo
30% down$914.91/mo
35% down$849.56/mo
40% down$784.21/mo
45% down$718.86/mo
50% down$653.51/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 218,000 house with a 20% down payment?
($174,400 loan. 30 year mortgage)
0.25%$502.89
0.50%$521.79
0.75%$541.14
1.00%$560.94
1.25%$581.19
1.50%$601.89
1.75%$623.03
2.00%$644.62
2.25%$666.64
2.50%$689.09
2.75%$711.97
3.00%$735.28
3.25%$759.00
3.50%$783.13
3.75%$807.67
4.00%$832.61
4.25%$857.94
4.50%$883.66
4.75%$909.75
5.00%$936.22
5.25%$963.04
5.50%$990.22
5.75%$1,017.75
6.00%$1,045.62
6.25%$1,073.81
6.50%$1,102.33
6.75%$1,131.16
7.00%$1,160.29
7.25%$1,189.72
7.50%$1,219.43
7.75%$1,249.42
8.00%$1,279.69
8.25%$1,310.21
8.50%$1,340.99
8.75%$1,372.01
9.00%$1,403.26
9.25%$1,434.75
9.50%$1,466.45
9.75%$1,498.37
10.00%$1,530.48
10.25%$1,562.80
10.50%$1,595.31
10.75%$1,627.99
11.00%$1,660.85
11.25%$1,693.88
11.50%$1,727.07
11.75%$1,760.41
12.00%$1,793.90