$246,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $246k 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 246,000 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 $246,000 house.
2% interest
0% down$909.26/mo
5% down$863.80/mo
10% down$818.34/mo
15% down$772.87/mo
20% down$727.41/mo
25% down$681.95/mo
30% down$636.48/mo
35% down$591.02/mo
40% down$545.56/mo
45% down$500.10/mo
50% down$454.63/mo
4% interest
0% down$1,174.44/mo
5% down$1,115.72/mo
10% down$1,057.00/mo
15% down$998.28/mo
20% down$939.55/mo
25% down$880.83/mo
30% down$822.11/mo
35% down$763.39/mo
40% down$704.66/mo
45% down$645.94/mo
50% down$587.22/mo
6% interest
0% down$1,474.89/mo
5% down$1,401.15/mo
10% down$1,327.40/mo
15% down$1,253.66/mo
20% down$1,179.92/mo
25% down$1,106.17/mo
30% down$1,032.43/mo
35% down$958.68/mo
40% down$884.94/mo
45% down$811.19/mo
50% down$737.45/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 246,000 house with a 20% down payment?
($196,800 loan. 30 year mortgage)
0.25%$567.48
0.50%$588.80
0.75%$610.64
1.00%$632.99
1.25%$655.84
1.50%$679.20
1.75%$703.06
2.00%$727.41
2.25%$752.26
2.50%$777.60
2.75%$803.42
3.00%$829.72
3.25%$856.49
3.50%$883.72
3.75%$911.41
4.00%$939.55
4.25%$968.14
4.50%$997.16
4.75%$1,026.60
5.00%$1,056.46
5.25%$1,086.74
5.50%$1,117.41
5.75%$1,148.47
6.00%$1,179.92
6.25%$1,211.73
6.50%$1,243.91
6.75%$1,276.44
7.00%$1,309.32
7.25%$1,342.52
7.50%$1,376.05
7.75%$1,409.90
8.00%$1,444.05
8.25%$1,478.49
8.50%$1,513.22
8.75%$1,548.23
9.00%$1,583.50
9.25%$1,619.03
9.50%$1,654.80
9.75%$1,690.82
10.00%$1,727.06
10.25%$1,763.53
10.50%$1,800.21
10.75%$1,837.09
11.00%$1,874.17
11.25%$1,911.44
11.50%$1,948.89
11.75%$1,986.52
12.00%$2,024.31