$251,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $251k 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 251,000 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 $251,000 house.
2% interest
0% down$927.74/mo
5% down$881.36/mo
10% down$834.97/mo
15% down$788.58/mo
20% down$742.20/mo
25% down$695.81/mo
30% down$649.42/mo
35% down$603.03/mo
40% down$556.65/mo
45% down$510.26/mo
50% down$463.87/mo
4% interest
0% down$1,198.31/mo
5% down$1,138.40/mo
10% down$1,078.48/mo
15% down$1,018.57/mo
20% down$958.65/mo
25% down$898.73/mo
30% down$838.82/mo
35% down$778.90/mo
40% down$718.99/mo
45% down$659.07/mo
50% down$599.16/mo
6% interest
0% down$1,504.87/mo
5% down$1,429.63/mo
10% down$1,354.38/mo
15% down$1,279.14/mo
20% down$1,203.90/mo
25% down$1,128.65/mo
30% down$1,053.41/mo
35% down$978.17/mo
40% down$902.92/mo
45% down$827.68/mo
50% down$752.44/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 251,000 house with a 20% down payment?
($200,800 loan. 30 year mortgage)
0.25%$579.01
0.50%$600.77
0.75%$623.05
1.00%$645.85
1.25%$669.17
1.50%$693.00
1.75%$717.34
2.00%$742.20
2.25%$767.55
2.50%$793.40
2.75%$819.75
3.00%$846.58
3.25%$873.89
3.50%$901.68
3.75%$929.94
4.00%$958.65
4.25%$987.82
4.50%$1,017.42
4.75%$1,047.47
5.00%$1,077.94
5.25%$1,108.83
5.50%$1,140.12
5.75%$1,171.81
6.00%$1,203.90
6.25%$1,236.36
6.50%$1,269.19
6.75%$1,302.38
7.00%$1,335.93
7.25%$1,369.81
7.50%$1,404.02
7.75%$1,438.56
8.00%$1,473.40
8.25%$1,508.54
8.50%$1,543.98
8.75%$1,579.69
9.00%$1,615.68
9.25%$1,651.93
9.50%$1,688.44
9.75%$1,725.18
10.00%$1,762.16
10.25%$1,799.37
10.50%$1,836.80
10.75%$1,874.43
11.00%$1,912.27
11.25%$1,950.29
11.50%$1,988.51
11.75%$2,026.89
12.00%$2,065.45