Use the mortgage calculator to calculate the cost of buying a $249k 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 249,000 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 $249,000 house.
$249,000 Home at 2%
| 0% down | $920.35/mo |
| 5% down | $874.33/mo |
| 10% down | $828.32/mo |
| 15% down | $782.30/mo |
| 20% down | $736.28/mo |
| 25% down | $690.26/mo |
| 30% down | $644.25/mo |
| 35% down | $598.23/mo |
| 40% down | $552.21/mo |
| 45% down | $506.19/mo |
| 50% down | $460.18/mo |
$249,000 Home at 4%
| 0% down | $1,188.76/mo |
| 5% down | $1,129.33/mo |
| 10% down | $1,069.89/mo |
| 15% down | $1,010.45/mo |
| 20% down | $951.01/mo |
| 25% down | $891.57/mo |
| 30% down | $832.13/mo |
| 35% down | $772.70/mo |
| 40% down | $713.26/mo |
| 45% down | $653.82/mo |
| 50% down | $594.38/mo |
$249,000 Home at 6%
| 0% down | $1,492.88/mo |
| 5% down | $1,418.24/mo |
| 10% down | $1,343.59/mo |
| 15% down | $1,268.95/mo |
| 20% down | $1,194.30/mo |
| 25% down | $1,119.66/mo |
| 30% down | $1,045.02/mo |
| 35% down | $970.37/mo |
| 40% down | $895.73/mo |
| 45% down | $821.08/mo |
| 50% down | $746.44/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.