$224,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $224k 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 224,000 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 $224,000 house.
2% interest
0% down$827.95/mo
5% down$786.55/mo
10% down$745.15/mo
15% down$703.76/mo
20% down$662.36/mo
25% down$620.96/mo
30% down$579.56/mo
35% down$538.17/mo
40% down$496.77/mo
45% down$455.37/mo
50% down$413.97/mo
4% interest
0% down$1,069.41/mo
5% down$1,015.94/mo
10% down$962.47/mo
15% down$909.00/mo
20% down$855.53/mo
25% down$802.06/mo
30% down$748.59/mo
35% down$695.12/mo
40% down$641.65/mo
45% down$588.18/mo
50% down$534.71/mo
6% interest
0% down$1,342.99/mo
5% down$1,275.84/mo
10% down$1,208.69/mo
15% down$1,141.54/mo
20% down$1,074.39/mo
25% down$1,007.24/mo
30% down$940.10/mo
35% down$872.95/mo
40% down$805.80/mo
45% down$738.65/mo
50% down$671.50/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 224,000 house with a 20% down payment?
($179,200 loan. 30 year mortgage)
0.25%$516.73
0.50%$536.15
0.75%$556.03
1.00%$576.38
1.25%$597.19
1.50%$618.46
1.75%$640.18
2.00%$662.36
2.25%$684.99
2.50%$708.06
2.75%$731.57
3.00%$755.51
3.25%$779.89
3.50%$804.69
3.75%$829.90
4.00%$855.53
4.25%$881.56
4.50%$907.98
4.75%$934.79
5.00%$961.98
5.25%$989.55
5.50%$1,017.48
5.75%$1,045.76
6.00%$1,074.39
6.25%$1,103.37
6.50%$1,132.67
6.75%$1,162.29
7.00%$1,192.22
7.25%$1,222.46
7.50%$1,252.99
7.75%$1,283.81
8.00%$1,314.91
8.25%$1,346.27
8.50%$1,377.89
8.75%$1,409.77
9.00%$1,441.88
9.25%$1,474.23
9.50%$1,506.81
9.75%$1,539.60
10.00%$1,572.61
10.25%$1,605.81
10.50%$1,639.21
10.75%$1,672.80
11.00%$1,706.56
11.25%$1,740.50
11.50%$1,774.60
11.75%$1,808.86
12.00%$1,843.27