Use the mortgage calculator to calculate the cost of buying a $252k 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 252,000 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 $252,000 house.
2% interest
| 0% down | $931.44/mo |
| 5% down | $884.87/mo |
| 10% down | $838.30/mo |
| 15% down | $791.72/mo |
| 20% down | $745.15/mo |
| 25% down | $698.58/mo |
| 30% down | $652.01/mo |
| 35% down | $605.44/mo |
| 40% down | $558.86/mo |
| 45% down | $512.29/mo |
| 50% down | $465.72/mo |
4% interest
| 0% down | $1,203.09/mo |
| 5% down | $1,142.93/mo |
| 10% down | $1,082.78/mo |
| 15% down | $1,022.62/mo |
| 20% down | $962.47/mo |
| 25% down | $902.31/mo |
| 30% down | $842.16/mo |
| 35% down | $782.01/mo |
| 40% down | $721.85/mo |
| 45% down | $661.70/mo |
| 50% down | $601.54/mo |
6% interest
| 0% down | $1,510.87/mo |
| 5% down | $1,435.32/mo |
| 10% down | $1,359.78/mo |
| 15% down | $1,284.24/mo |
| 20% down | $1,208.69/mo |
| 25% down | $1,133.15/mo |
| 30% down | $1,057.61/mo |
| 35% down | $982.06/mo |
| 40% down | $906.52/mo |
| 45% down | $830.98/mo |
| 50% down | $755.43/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
