$231,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $231k 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 231,000 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 $231,000 house.
2% interest
0% down$853.82/mo
5% down$811.13/mo
10% down$768.44/mo
15% down$725.75/mo
20% down$683.06/mo
25% down$640.37/mo
30% down$597.67/mo
35% down$554.98/mo
40% down$512.29/mo
45% down$469.60/mo
50% down$426.91/mo
4% interest
0% down$1,102.83/mo
5% down$1,047.69/mo
10% down$992.55/mo
15% down$937.40/mo
20% down$882.26/mo
25% down$827.12/mo
30% down$771.98/mo
35% down$716.84/mo
40% down$661.70/mo
45% down$606.56/mo
50% down$551.41/mo
6% interest
0% down$1,384.96/mo
5% down$1,315.71/mo
10% down$1,246.47/mo
15% down$1,177.22/mo
20% down$1,107.97/mo
25% down$1,038.72/mo
30% down$969.47/mo
35% down$900.23/mo
40% down$830.98/mo
45% down$761.73/mo
50% down$692.48/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 231,000 house with a 20% down payment?
($184,800 loan. 30 year mortgage)
0.25%$532.88
0.50%$552.90
0.75%$573.41
1.00%$594.39
1.25%$615.85
1.50%$637.78
1.75%$660.19
2.00%$683.06
2.25%$706.39
2.50%$730.18
2.75%$754.43
3.00%$779.12
3.25%$804.26
3.50%$829.83
3.75%$855.84
4.00%$882.26
4.25%$909.10
4.50%$936.35
4.75%$964.00
5.00%$992.05
5.25%$1,020.47
5.50%$1,049.27
5.75%$1,078.44
6.00%$1,107.97
6.25%$1,137.85
6.50%$1,168.06
6.75%$1,198.61
7.00%$1,229.48
7.25%$1,260.66
7.50%$1,292.15
7.75%$1,323.93
8.00%$1,356.00
8.25%$1,388.34
8.50%$1,420.95
8.75%$1,453.82
9.00%$1,486.94
9.25%$1,520.30
9.50%$1,553.90
9.75%$1,587.72
10.00%$1,621.75
10.25%$1,656.00
10.50%$1,690.44
10.75%$1,725.07
11.00%$1,759.89
11.25%$1,794.89
11.50%$1,830.06
11.75%$1,865.39
12.00%$1,900.88