Use the mortgage calculator to calculate the cost of buying a $233k 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 233,000 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 $233,000 house.
2% interest
| 0% down | $861.21/mo |
| 5% down | $818.15/mo |
| 10% down | $775.09/mo |
| 15% down | $732.03/mo |
| 20% down | $688.97/mo |
| 25% down | $645.91/mo |
| 30% down | $602.85/mo |
| 35% down | $559.79/mo |
| 40% down | $516.73/mo |
| 45% down | $473.67/mo |
| 50% down | $430.61/mo |
4% interest
| 0% down | $1,112.38/mo |
| 5% down | $1,056.76/mo |
| 10% down | $1,001.14/mo |
| 15% down | $945.52/mo |
| 20% down | $889.90/mo |
| 25% down | $834.28/mo |
| 30% down | $778.66/mo |
| 35% down | $723.05/mo |
| 40% down | $667.43/mo |
| 45% down | $611.81/mo |
| 50% down | $556.19/mo |
6% interest
| 0% down | $1,396.95/mo |
| 5% down | $1,327.11/mo |
| 10% down | $1,257.26/mo |
| 15% down | $1,187.41/mo |
| 20% down | $1,117.56/mo |
| 25% down | $1,047.71/mo |
| 30% down | $977.87/mo |
| 35% down | $908.02/mo |
| 40% down | $838.17/mo |
| 45% down | $768.32/mo |
| 50% down | $698.48/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.