Use the mortgage calculator to calculate the cost of buying a $237k 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 237,000 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 $237,000 house.
$237,000 Home at 2%
| 0% down | $876.00/mo |
| 5% down | $832.20/mo |
| 10% down | $788.40/mo |
| 15% down | $744.60/mo |
| 20% down | $700.80/mo |
| 25% down | $657.00/mo |
| 30% down | $613.20/mo |
| 35% down | $569.40/mo |
| 40% down | $525.60/mo |
| 45% down | $481.80/mo |
| 50% down | $438.00/mo |
$237,000 Home at 4%
| 0% down | $1,131.47/mo |
| 5% down | $1,074.90/mo |
| 10% down | $1,018.33/mo |
| 15% down | $961.75/mo |
| 20% down | $905.18/mo |
| 25% down | $848.61/mo |
| 30% down | $792.03/mo |
| 35% down | $735.46/mo |
| 40% down | $678.88/mo |
| 45% down | $622.31/mo |
| 50% down | $565.74/mo |
$237,000 Home at 6%
| 0% down | $1,420.93/mo |
| 5% down | $1,349.89/mo |
| 10% down | $1,278.84/mo |
| 15% down | $1,207.79/mo |
| 20% down | $1,136.75/mo |
| 25% down | $1,065.70/mo |
| 30% down | $994.65/mo |
| 35% down | $923.61/mo |
| 40% down | $852.56/mo |
| 45% down | $781.51/mo |
| 50% down | $710.47/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.