$250,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $250k 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 250,000 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 $250,000 house.
2% interest
0% down$924.05/mo
5% down$877.85/mo
10% down$831.64/mo
15% down$785.44/mo
20% down$739.24/mo
25% down$693.04/mo
30% down$646.83/mo
35% down$600.63/mo
40% down$554.43/mo
45% down$508.23/mo
50% down$462.02/mo
4% interest
0% down$1,193.54/mo
5% down$1,133.86/mo
10% down$1,074.18/mo
15% down$1,014.51/mo
20% down$954.83/mo
25% down$895.15/mo
30% down$835.48/mo
35% down$775.80/mo
40% down$716.12/mo
45% down$656.45/mo
50% down$596.77/mo
6% interest
0% down$1,498.88/mo
5% down$1,423.93/mo
10% down$1,348.99/mo
15% down$1,274.04/mo
20% down$1,199.10/mo
25% down$1,124.16/mo
30% down$1,049.21/mo
35% down$974.27/mo
40% down$899.33/mo
45% down$824.38/mo
50% down$749.44/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 250,000 house with a 20% down payment?
($200,000 loan. 30 year mortgage)
0.25%$576.71
0.50%$598.38
0.75%$620.57
1.00%$643.28
1.25%$666.50
1.50%$690.24
1.75%$714.49
2.00%$739.24
2.25%$764.49
2.50%$790.24
2.75%$816.48
3.00%$843.21
3.25%$870.41
3.50%$898.09
3.75%$926.23
4.00%$954.83
4.25%$983.88
4.50%$1,013.37
4.75%$1,043.29
5.00%$1,073.64
5.25%$1,104.41
5.50%$1,135.58
5.75%$1,167.15
6.00%$1,199.10
6.25%$1,231.43
6.50%$1,264.14
6.75%$1,297.20
7.00%$1,330.60
7.25%$1,364.35
7.50%$1,398.43
7.75%$1,432.82
8.00%$1,467.53
8.25%$1,502.53
8.50%$1,537.83
8.75%$1,573.40
9.00%$1,609.25
9.25%$1,645.35
9.50%$1,681.71
9.75%$1,718.31
10.00%$1,755.14
10.25%$1,792.20
10.50%$1,829.48
10.75%$1,866.96
11.00%$1,904.65
11.25%$1,942.52
11.50%$1,980.58
11.75%$2,018.82
12.00%$2,057.23