$230,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $230k 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 230,000 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 $230,000 house.
2% interest
0% down$850.12/mo
5% down$807.62/mo
10% down$765.11/mo
15% down$722.61/mo
20% down$680.10/mo
25% down$637.59/mo
30% down$595.09/mo
35% down$552.58/mo
40% down$510.07/mo
45% down$467.57/mo
50% down$425.06/mo
4% interest
0% down$1,098.06/mo
5% down$1,043.15/mo
10% down$988.25/mo
15% down$933.35/mo
20% down$878.44/mo
25% down$823.54/mo
30% down$768.64/mo
35% down$713.74/mo
40% down$658.83/mo
45% down$603.93/mo
50% down$549.03/mo
6% interest
0% down$1,378.97/mo
5% down$1,310.02/mo
10% down$1,241.07/mo
15% down$1,172.12/mo
20% down$1,103.17/mo
25% down$1,034.22/mo
30% down$965.28/mo
35% down$896.33/mo
40% down$827.38/mo
45% down$758.43/mo
50% down$689.48/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 230,000 house with a 20% down payment?
($184,000 loan. 30 year mortgage)
0.25%$530.57
0.50%$550.51
0.75%$570.92
1.00%$591.82
1.25%$613.18
1.50%$635.02
1.75%$657.33
2.00%$680.10
2.25%$703.33
2.50%$727.02
2.75%$751.16
3.00%$775.75
3.25%$800.78
3.50%$826.24
3.75%$852.13
4.00%$878.44
4.25%$905.17
4.50%$932.30
4.75%$959.83
5.00%$987.75
5.25%$1,016.05
5.50%$1,044.73
5.75%$1,073.77
6.00%$1,103.17
6.25%$1,132.92
6.50%$1,163.01
6.75%$1,193.42
7.00%$1,224.16
7.25%$1,255.20
7.50%$1,286.55
7.75%$1,318.20
8.00%$1,350.13
8.25%$1,382.33
8.50%$1,414.80
8.75%$1,447.53
9.00%$1,480.51
9.25%$1,513.72
9.50%$1,547.17
9.75%$1,580.84
10.00%$1,614.73
10.25%$1,648.83
10.50%$1,683.12
10.75%$1,717.61
11.00%$1,752.28
11.25%$1,787.12
11.50%$1,822.14
11.75%$1,857.31
12.00%$1,892.65