$243,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $243k 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 243,000 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 $243,000 house.
2% interest
0% down$898.18/mo
5% down$853.27/mo
10% down$808.36/mo
15% down$763.45/mo
20% down$718.54/mo
25% down$673.63/mo
30% down$628.72/mo
35% down$583.81/mo
40% down$538.91/mo
45% down$494.00/mo
50% down$449.09/mo
4% interest
0% down$1,160.12/mo
5% down$1,102.11/mo
10% down$1,044.11/mo
15% down$986.10/mo
20% down$928.10/mo
25% down$870.09/mo
30% down$812.08/mo
35% down$754.08/mo
40% down$696.07/mo
45% down$638.07/mo
50% down$580.06/mo
6% interest
0% down$1,456.91/mo
5% down$1,384.06/mo
10% down$1,311.22/mo
15% down$1,238.37/mo
20% down$1,165.53/mo
25% down$1,092.68/mo
30% down$1,019.84/mo
35% down$946.99/mo
40% down$874.14/mo
45% down$801.30/mo
50% down$728.45/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 243,000 house with a 20% down payment?
($194,400 loan. 30 year mortgage)
0.25%$560.56
0.50%$581.62
0.75%$603.19
1.00%$625.27
1.25%$647.84
1.50%$670.91
1.75%$694.48
2.00%$718.54
2.25%$743.09
2.50%$768.12
2.75%$793.62
3.00%$819.60
3.25%$846.04
3.50%$872.94
3.75%$900.30
4.00%$928.10
4.25%$956.33
4.50%$985.00
4.75%$1,014.08
5.00%$1,043.58
5.25%$1,073.48
5.50%$1,103.78
5.75%$1,134.47
6.00%$1,165.53
6.25%$1,196.95
6.50%$1,228.74
6.75%$1,260.87
7.00%$1,293.35
7.25%$1,326.15
7.50%$1,359.27
7.75%$1,392.71
8.00%$1,426.44
8.25%$1,460.46
8.50%$1,494.77
8.75%$1,529.35
9.00%$1,564.19
9.25%$1,599.28
9.50%$1,634.62
9.75%$1,670.20
10.00%$1,706.00
10.25%$1,742.02
10.50%$1,778.25
10.75%$1,814.69
11.00%$1,851.32
11.25%$1,888.13
11.50%$1,925.13
11.75%$1,962.29
12.00%$1,999.62