$254,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $254k 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 254,000 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 $254,000 house.
2% interest
0% down$938.83/mo
5% down$891.89/mo
10% down$844.95/mo
15% down$798.01/mo
20% down$751.07/mo
25% down$704.13/mo
30% down$657.18/mo
35% down$610.24/mo
40% down$563.30/mo
45% down$516.36/mo
50% down$469.42/mo
4% interest
0% down$1,212.63/mo
5% down$1,152.00/mo
10% down$1,091.37/mo
15% down$1,030.74/mo
20% down$970.11/mo
25% down$909.48/mo
30% down$848.84/mo
35% down$788.21/mo
40% down$727.58/mo
45% down$666.95/mo
50% down$606.32/mo
6% interest
0% down$1,522.86/mo
5% down$1,446.72/mo
10% down$1,370.57/mo
15% down$1,294.43/mo
20% down$1,218.29/mo
25% down$1,142.14/mo
30% down$1,066.00/mo
35% down$989.86/mo
40% down$913.72/mo
45% down$837.57/mo
50% down$761.43/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 254,000 house with a 20% down payment?
($203,200 loan. 30 year mortgage)
0.25%$585.93
0.50%$607.95
0.75%$630.50
1.00%$653.57
1.25%$677.17
1.50%$701.28
1.75%$725.92
2.00%$751.07
2.25%$776.72
2.50%$802.89
2.75%$829.55
3.00%$856.70
3.25%$884.34
3.50%$912.46
3.75%$941.05
4.00%$970.11
4.25%$999.62
4.50%$1,029.58
4.75%$1,059.99
5.00%$1,090.82
5.25%$1,122.08
5.50%$1,153.75
5.75%$1,185.82
6.00%$1,218.29
6.25%$1,251.14
6.50%$1,284.36
6.75%$1,317.95
7.00%$1,351.89
7.25%$1,386.18
7.50%$1,420.80
7.75%$1,455.75
8.00%$1,491.01
8.25%$1,526.57
8.50%$1,562.43
8.75%$1,598.58
9.00%$1,634.99
9.25%$1,671.68
9.50%$1,708.62
9.75%$1,745.80
10.00%$1,783.23
10.25%$1,820.88
10.50%$1,858.75
10.75%$1,896.83
11.00%$1,935.12
11.25%$1,973.60
11.50%$2,012.27
11.75%$2,051.12
12.00%$2,090.14