Use the mortgage calculator to calculate the cost of buying a $235k 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 235,000 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 $235,000 house.
$235,000 Home at 2%
| 0% down | $868.61/mo |
| 5% down | $825.18/mo |
| 10% down | $781.75/mo |
| 15% down | $738.31/mo |
| 20% down | $694.88/mo |
| 25% down | $651.45/mo |
| 30% down | $608.02/mo |
| 35% down | $564.59/mo |
| 40% down | $521.16/mo |
| 45% down | $477.73/mo |
| 50% down | $434.30/mo |
$235,000 Home at 4%
| 0% down | $1,121.93/mo |
| 5% down | $1,065.83/mo |
| 10% down | $1,009.73/mo |
| 15% down | $953.64/mo |
| 20% down | $897.54/mo |
| 25% down | $841.44/mo |
| 30% down | $785.35/mo |
| 35% down | $729.25/mo |
| 40% down | $673.16/mo |
| 45% down | $617.06/mo |
| 50% down | $560.96/mo |
$235,000 Home at 6%
| 0% down | $1,408.94/mo |
| 5% down | $1,338.50/mo |
| 10% down | $1,268.05/mo |
| 15% down | $1,197.60/mo |
| 20% down | $1,127.15/mo |
| 25% down | $1,056.71/mo |
| 30% down | $986.26/mo |
| 35% down | $915.81/mo |
| 40% down | $845.37/mo |
| 45% down | $774.92/mo |
| 50% down | $704.47/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.