$244,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $244k 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 244,000 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 $244,000 house.
2% interest
0% down$901.87/mo
5% down$856.78/mo
10% down$811.68/mo
15% down$766.59/mo
20% down$721.50/mo
25% down$676.40/mo
30% down$631.31/mo
35% down$586.22/mo
40% down$541.12/mo
45% down$496.03/mo
50% down$450.94/mo
4% interest
0% down$1,164.89/mo
5% down$1,106.65/mo
10% down$1,048.40/mo
15% down$990.16/mo
20% down$931.91/mo
25% down$873.67/mo
30% down$815.43/mo
35% down$757.18/mo
40% down$698.94/mo
45% down$640.69/mo
50% down$582.45/mo
6% interest
0% down$1,462.90/mo
5% down$1,389.76/mo
10% down$1,316.61/mo
15% down$1,243.47/mo
20% down$1,170.32/mo
25% down$1,097.18/mo
30% down$1,024.03/mo
35% down$950.89/mo
40% down$877.74/mo
45% down$804.60/mo
50% down$731.45/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 244,000 house with a 20% down payment?
($195,200 loan. 30 year mortgage)
0.25%$562.87
0.50%$584.02
0.75%$605.68
1.00%$627.84
1.25%$650.51
1.50%$673.67
1.75%$697.34
2.00%$721.50
2.25%$746.14
2.50%$771.28
2.75%$796.89
3.00%$822.97
3.25%$849.52
3.50%$876.54
3.75%$904.00
4.00%$931.91
4.25%$960.27
4.50%$989.05
4.75%$1,018.26
5.00%$1,047.88
5.25%$1,077.90
5.50%$1,108.32
5.75%$1,139.13
6.00%$1,170.32
6.25%$1,201.88
6.50%$1,233.80
6.75%$1,266.06
7.00%$1,298.67
7.25%$1,331.61
7.50%$1,364.87
7.75%$1,398.44
8.00%$1,432.31
8.25%$1,466.47
8.50%$1,500.92
8.75%$1,535.64
9.00%$1,570.62
9.25%$1,605.86
9.50%$1,641.35
9.75%$1,677.07
10.00%$1,713.02
10.25%$1,749.19
10.50%$1,785.57
10.75%$1,822.16
11.00%$1,858.94
11.25%$1,895.90
11.50%$1,933.05
11.75%$1,970.37
12.00%$2,007.85