$247,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $247k 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 247,000 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 $247,000 house.
2% interest
0% down$912.96/mo
5% down$867.31/mo
10% down$821.66/mo
15% down$776.02/mo
20% down$730.37/mo
25% down$684.72/mo
30% down$639.07/mo
35% down$593.42/mo
40% down$547.78/mo
45% down$502.13/mo
50% down$456.48/mo
4% interest
0% down$1,179.22/mo
5% down$1,120.25/mo
10% down$1,061.29/mo
15% down$1,002.33/mo
20% down$943.37/mo
25% down$884.41/mo
30% down$825.45/mo
35% down$766.49/mo
40% down$707.53/mo
45% down$648.57/mo
50% down$589.61/mo
6% interest
0% down$1,480.89/mo
5% down$1,406.85/mo
10% down$1,332.80/mo
15% down$1,258.76/mo
20% down$1,184.71/mo
25% down$1,110.67/mo
30% down$1,036.62/mo
35% down$962.58/mo
40% down$888.53/mo
45% down$814.49/mo
50% down$740.44/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 247,000 house with a 20% down payment?
($197,600 loan. 30 year mortgage)
0.25%$569.79
0.50%$591.20
0.75%$613.12
1.00%$635.56
1.25%$658.51
1.50%$681.96
1.75%$705.91
2.00%$730.37
2.25%$755.32
2.50%$780.76
2.75%$806.68
3.00%$833.09
3.25%$859.97
3.50%$887.31
3.75%$915.12
4.00%$943.37
4.25%$972.07
4.50%$1,001.21
4.75%$1,030.78
5.00%$1,060.76
5.25%$1,091.15
5.50%$1,121.95
5.75%$1,153.14
6.00%$1,184.71
6.25%$1,216.66
6.50%$1,248.97
6.75%$1,281.63
7.00%$1,314.64
7.25%$1,347.98
7.50%$1,381.65
7.75%$1,415.63
8.00%$1,449.92
8.25%$1,484.50
8.50%$1,519.37
8.75%$1,554.52
9.00%$1,589.93
9.25%$1,625.61
9.50%$1,661.53
9.75%$1,697.69
10.00%$1,734.08
10.25%$1,770.70
10.50%$1,807.52
10.75%$1,844.56
11.00%$1,881.79
11.25%$1,919.21
11.50%$1,956.82
11.75%$1,994.59
12.00%$2,032.54