$223,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $223k 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 223,000 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 $223,000 house.
2% interest
0% down$824.25/mo
5% down$783.04/mo
10% down$741.83/mo
15% down$700.61/mo
20% down$659.40/mo
25% down$618.19/mo
30% down$576.98/mo
35% down$535.76/mo
40% down$494.55/mo
45% down$453.34/mo
50% down$412.13/mo
4% interest
0% down$1,064.64/mo
5% down$1,011.40/mo
10% down$958.17/mo
15% down$904.94/mo
20% down$851.71/mo
25% down$798.48/mo
30% down$745.25/mo
35% down$692.01/mo
40% down$638.78/mo
45% down$585.55/mo
50% down$532.32/mo
6% interest
0% down$1,337.00/mo
5% down$1,270.15/mo
10% down$1,203.30/mo
15% down$1,136.45/mo
20% down$1,069.60/mo
25% down$1,002.75/mo
30% down$935.90/mo
35% down$869.05/mo
40% down$802.20/mo
45% down$735.35/mo
50% down$668.50/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 223,000 house with a 20% down payment?
($178,400 loan. 30 year mortgage)
0.25%$514.42
0.50%$533.75
0.75%$553.55
1.00%$573.80
1.25%$594.52
1.50%$615.69
1.75%$637.32
2.00%$659.40
2.25%$681.93
2.50%$704.90
2.75%$728.30
3.00%$752.14
3.25%$776.41
3.50%$801.10
3.75%$826.20
4.00%$851.71
4.25%$877.62
4.50%$903.93
4.75%$930.62
5.00%$957.69
5.25%$985.13
5.50%$1,012.94
5.75%$1,041.09
6.00%$1,069.60
6.25%$1,098.44
6.50%$1,127.61
6.75%$1,157.10
7.00%$1,186.90
7.25%$1,217.00
7.50%$1,247.40
7.75%$1,278.08
8.00%$1,309.04
8.25%$1,340.26
8.50%$1,371.74
8.75%$1,403.47
9.00%$1,435.45
9.25%$1,467.65
9.50%$1,500.08
9.75%$1,532.73
10.00%$1,565.59
10.25%$1,598.64
10.50%$1,631.89
10.75%$1,665.33
11.00%$1,698.94
11.25%$1,732.73
11.50%$1,766.68
11.75%$1,800.79
12.00%$1,835.04