$229,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $229k 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 229,000 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 $229,000 house.
2% interest
0% down$846.43/mo
5% down$804.11/mo
10% down$761.79/mo
15% down$719.46/mo
20% down$677.14/mo
25% down$634.82/mo
30% down$592.50/mo
35% down$550.18/mo
40% down$507.86/mo
45% down$465.54/mo
50% down$423.21/mo
4% interest
0% down$1,093.28/mo
5% down$1,038.62/mo
10% down$983.95/mo
15% down$929.29/mo
20% down$874.62/mo
25% down$819.96/mo
30% down$765.30/mo
35% down$710.63/mo
40% down$655.97/mo
45% down$601.30/mo
50% down$546.64/mo
6% interest
0% down$1,372.97/mo
5% down$1,304.32/mo
10% down$1,235.67/mo
15% down$1,167.03/mo
20% down$1,098.38/mo
25% down$1,029.73/mo
30% down$961.08/mo
35% down$892.43/mo
40% down$823.78/mo
45% down$755.13/mo
50% down$686.49/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 229,000 house with a 20% down payment?
($183,200 loan. 30 year mortgage)
0.25%$528.26
0.50%$548.12
0.75%$568.44
1.00%$589.24
1.25%$610.52
1.50%$632.26
1.75%$654.47
2.00%$677.14
2.25%$700.27
2.50%$723.86
2.75%$747.90
3.00%$772.38
3.25%$797.30
3.50%$822.65
3.75%$848.43
4.00%$874.62
4.25%$901.23
4.50%$928.25
4.75%$955.66
5.00%$983.46
5.25%$1,011.64
5.50%$1,040.19
5.75%$1,069.11
6.00%$1,098.38
6.25%$1,127.99
6.50%$1,157.95
6.75%$1,188.23
7.00%$1,218.83
7.25%$1,249.75
7.50%$1,280.96
7.75%$1,312.47
8.00%$1,344.26
8.25%$1,376.32
8.50%$1,408.65
8.75%$1,441.24
9.00%$1,474.07
9.25%$1,507.14
9.50%$1,540.44
9.75%$1,573.97
10.00%$1,607.71
10.25%$1,641.66
10.50%$1,675.80
10.75%$1,710.14
11.00%$1,744.66
11.25%$1,779.35
11.50%$1,814.21
11.75%$1,849.24
12.00%$1,884.42