$249,000 Mortgage Loan Payments and Costs

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Loan Summary


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.
2% interest
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
4% interest
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
6% interest
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.
What's the payment on a 249,000 house with a 20% down payment?
($199,200 loan. 30 year mortgage)
0.25%$574.40
0.50%$595.99
0.75%$618.09
1.00%$640.71
1.25%$663.84
1.50%$687.48
1.75%$711.63
2.00%$736.28
2.25%$761.43
2.50%$787.08
2.75%$813.22
3.00%$839.84
3.25%$866.93
3.50%$894.50
3.75%$922.53
4.00%$951.01
4.25%$979.94
4.50%$1,009.32
4.75%$1,039.12
5.00%$1,069.35
5.25%$1,099.99
5.50%$1,131.04
5.75%$1,162.48
6.00%$1,194.30
6.25%$1,226.51
6.50%$1,259.08
6.75%$1,292.01
7.00%$1,325.28
7.25%$1,358.90
7.50%$1,392.84
7.75%$1,427.09
8.00%$1,461.66
8.25%$1,496.52
8.50%$1,531.68
8.75%$1,567.11
9.00%$1,602.81
9.25%$1,638.77
9.50%$1,674.98
9.75%$1,711.44
10.00%$1,748.12
10.25%$1,785.03
10.50%$1,822.16
10.75%$1,859.49
11.00%$1,897.03
11.25%$1,934.75
11.50%$1,972.66
11.75%$2,010.74
12.00%$2,049.00