$228,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $228k 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 228,000 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 $228,000 house.
2% interest
0% down$842.73/mo
5% down$800.60/mo
10% down$758.46/mo
15% down$716.32/mo
20% down$674.19/mo
25% down$632.05/mo
30% down$589.91/mo
35% down$547.78/mo
40% down$505.64/mo
45% down$463.50/mo
50% down$421.37/mo
4% interest
0% down$1,088.51/mo
5% down$1,034.08/mo
10% down$979.66/mo
15% down$925.23/mo
20% down$870.81/mo
25% down$816.38/mo
30% down$761.95/mo
35% down$707.53/mo
40% down$653.10/mo
45% down$598.68/mo
50% down$544.25/mo
6% interest
0% down$1,366.98/mo
5% down$1,298.63/mo
10% down$1,230.28/mo
15% down$1,161.93/mo
20% down$1,093.58/mo
25% down$1,025.23/mo
30% down$956.88/mo
35% down$888.53/mo
40% down$820.19/mo
45% down$751.84/mo
50% down$683.49/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 228,000 house with a 20% down payment?
($182,400 loan. 30 year mortgage)
0.25%$525.96
0.50%$545.72
0.75%$565.96
1.00%$586.67
1.25%$607.85
1.50%$629.50
1.75%$651.61
2.00%$674.19
2.25%$697.22
2.50%$720.70
2.75%$744.63
3.00%$769.01
3.25%$793.82
3.50%$819.06
3.75%$844.72
4.00%$870.81
4.25%$897.30
4.50%$924.19
4.75%$951.48
5.00%$979.16
5.25%$1,007.22
5.50%$1,035.65
5.75%$1,064.44
6.00%$1,093.58
6.25%$1,123.07
6.50%$1,152.89
6.75%$1,183.04
7.00%$1,213.51
7.25%$1,244.29
7.50%$1,275.37
7.75%$1,306.74
8.00%$1,338.39
8.25%$1,370.31
8.50%$1,402.50
8.75%$1,434.94
9.00%$1,467.63
9.25%$1,500.56
9.50%$1,533.72
9.75%$1,567.10
10.00%$1,600.69
10.25%$1,634.49
10.50%$1,668.48
10.75%$1,702.67
11.00%$1,737.04
11.25%$1,771.58
11.50%$1,806.29
11.75%$1,841.16
12.00%$1,876.19