$253,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $253k 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 253,000 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 $253,000 house.
2% interest
0% down$935.14/mo
5% down$888.38/mo
10% down$841.62/mo
15% down$794.87/mo
20% down$748.11/mo
25% down$701.35/mo
30% down$654.60/mo
35% down$607.84/mo
40% down$561.08/mo
45% down$514.33/mo
50% down$467.57/mo
4% interest
0% down$1,207.86/mo
5% down$1,147.47/mo
10% down$1,087.07/mo
15% down$1,026.68/mo
20% down$966.29/mo
25% down$905.90/mo
30% down$845.50/mo
35% down$785.11/mo
40% down$724.72/mo
45% down$664.32/mo
50% down$603.93/mo
6% interest
0% down$1,516.86/mo
5% down$1,441.02/mo
10% down$1,365.18/mo
15% down$1,289.33/mo
20% down$1,213.49/mo
25% down$1,137.65/mo
30% down$1,061.80/mo
35% down$985.96/mo
40% down$910.12/mo
45% down$834.27/mo
50% down$758.43/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 253,000 house with a 20% down payment?
($202,400 loan. 30 year mortgage)
0.25%$583.63
0.50%$605.56
0.75%$628.02
1.00%$651.00
1.25%$674.50
1.50%$698.52
1.75%$723.06
2.00%$748.11
2.25%$773.67
2.50%$799.72
2.75%$826.28
3.00%$853.33
3.25%$880.86
3.50%$908.87
3.75%$937.35
4.00%$966.29
4.25%$995.69
4.50%$1,025.53
4.75%$1,055.81
5.00%$1,086.53
5.25%$1,117.66
5.50%$1,149.20
5.75%$1,181.15
6.00%$1,213.49
6.25%$1,246.21
6.50%$1,279.31
6.75%$1,312.76
7.00%$1,346.57
7.25%$1,380.72
7.50%$1,415.21
7.75%$1,450.02
8.00%$1,485.14
8.25%$1,520.56
8.50%$1,556.28
8.75%$1,592.28
9.00%$1,628.56
9.25%$1,665.10
9.50%$1,701.89
9.75%$1,738.93
10.00%$1,776.20
10.25%$1,813.71
10.50%$1,851.43
10.75%$1,889.37
11.00%$1,927.50
11.25%$1,965.83
11.50%$2,004.35
11.75%$2,043.05
12.00%$2,081.91