$220,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $220k 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 220,000 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 $220,000 house.
2% interest
0% down$813.16/mo
5% down$772.50/mo
10% down$731.85/mo
15% down$691.19/mo
20% down$650.53/mo
25% down$609.87/mo
30% down$569.21/mo
35% down$528.56/mo
40% down$487.90/mo
45% down$447.24/mo
50% down$406.58/mo
4% interest
0% down$1,050.31/mo
5% down$997.80/mo
10% down$945.28/mo
15% down$892.77/mo
20% down$840.25/mo
25% down$787.74/mo
30% down$735.22/mo
35% down$682.70/mo
40% down$630.19/mo
45% down$577.67/mo
50% down$525.16/mo
6% interest
0% down$1,319.01/mo
5% down$1,253.06/mo
10% down$1,187.11/mo
15% down$1,121.16/mo
20% down$1,055.21/mo
25% down$989.26/mo
30% down$923.31/mo
35% down$857.36/mo
40% down$791.41/mo
45% down$725.46/mo
50% down$659.51/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 220,000 house with a 20% down payment?
($176,000 loan. 30 year mortgage)
0.25%$507.50
0.50%$526.57
0.75%$546.10
1.00%$566.09
1.25%$586.52
1.50%$607.41
1.75%$628.75
2.00%$650.53
2.25%$672.75
2.50%$695.41
2.75%$718.50
3.00%$742.02
3.25%$765.96
3.50%$790.32
3.75%$815.08
4.00%$840.25
4.25%$865.81
4.50%$891.77
4.75%$918.10
5.00%$944.81
5.25%$971.88
5.50%$999.31
5.75%$1,027.09
6.00%$1,055.21
6.25%$1,083.66
6.50%$1,112.44
6.75%$1,141.53
7.00%$1,170.93
7.25%$1,200.63
7.50%$1,230.62
7.75%$1,260.89
8.00%$1,291.43
8.25%$1,322.23
8.50%$1,353.29
8.75%$1,384.59
9.00%$1,416.14
9.25%$1,447.91
9.50%$1,479.90
9.75%$1,512.11
10.00%$1,544.53
10.25%$1,577.14
10.50%$1,609.94
10.75%$1,642.93
11.00%$1,676.09
11.25%$1,709.42
11.50%$1,742.91
11.75%$1,776.56
12.00%$1,810.36