$221,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $221k 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 221,000 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 $221,000 house.
2% interest
0% down$816.86/mo
5% down$776.02/mo
10% down$735.17/mo
15% down$694.33/mo
20% down$653.49/mo
25% down$612.64/mo
30% down$571.80/mo
35% down$530.96/mo
40% down$490.12/mo
45% down$449.27/mo
50% down$408.43/mo
4% interest
0% down$1,055.09/mo
5% down$1,002.33/mo
10% down$949.58/mo
15% down$896.82/mo
20% down$844.07/mo
25% down$791.32/mo
30% down$738.56/mo
35% down$685.81/mo
40% down$633.05/mo
45% down$580.30/mo
50% down$527.54/mo
6% interest
0% down$1,325.01/mo
5% down$1,258.76/mo
10% down$1,192.51/mo
15% down$1,126.26/mo
20% down$1,060.01/mo
25% down$993.75/mo
30% down$927.50/mo
35% down$861.25/mo
40% down$795.00/mo
45% down$728.75/mo
50% down$662.50/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 221,000 house with a 20% down payment?
($176,800 loan. 30 year mortgage)
0.25%$509.81
0.50%$528.97
0.75%$548.58
1.00%$568.66
1.25%$589.19
1.50%$610.17
1.75%$631.61
2.00%$653.49
2.25%$675.81
2.50%$698.57
2.75%$721.77
3.00%$745.40
3.25%$769.44
3.50%$793.91
3.75%$818.79
4.00%$844.07
4.25%$869.75
4.50%$895.82
4.75%$922.27
5.00%$949.10
5.25%$976.30
5.50%$1,003.85
5.75%$1,031.76
6.00%$1,060.01
6.25%$1,088.59
6.50%$1,117.50
6.75%$1,146.72
7.00%$1,176.25
7.25%$1,206.09
7.50%$1,236.21
7.75%$1,266.62
8.00%$1,297.30
8.25%$1,328.24
8.50%$1,359.44
8.75%$1,390.89
9.00%$1,422.57
9.25%$1,454.49
9.50%$1,486.63
9.75%$1,518.99
10.00%$1,551.55
10.25%$1,584.31
10.50%$1,617.26
10.75%$1,650.40
11.00%$1,683.71
11.25%$1,717.19
11.50%$1,750.84
11.75%$1,784.64
12.00%$1,818.59