$255,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $255k 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 255,000 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 $255,000 house.
2% interest
0% down$942.53/mo
5% down$895.40/mo
10% down$848.28/mo
15% down$801.15/mo
20% down$754.02/mo
25% down$706.90/mo
30% down$659.77/mo
35% down$612.64/mo
40% down$565.52/mo
45% down$518.39/mo
50% down$471.26/mo
4% interest
0% down$1,217.41/mo
5% down$1,156.54/mo
10% down$1,095.67/mo
15% down$1,034.80/mo
20% down$973.93/mo
25% down$913.06/mo
30% down$852.19/mo
35% down$791.32/mo
40% down$730.45/mo
45% down$669.57/mo
50% down$608.70/mo
6% interest
0% down$1,528.85/mo
5% down$1,452.41/mo
10% down$1,375.97/mo
15% down$1,299.53/mo
20% down$1,223.08/mo
25% down$1,146.64/mo
30% down$1,070.20/mo
35% down$993.75/mo
40% down$917.31/mo
45% down$840.87/mo
50% down$764.43/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 255,000 house with a 20% down payment?
($204,000 loan. 30 year mortgage)
0.25%$588.24
0.50%$610.35
0.75%$632.98
1.00%$656.14
1.25%$679.83
1.50%$704.05
1.75%$728.78
2.00%$754.02
2.25%$779.78
2.50%$806.05
2.75%$832.81
3.00%$860.07
3.25%$887.82
3.50%$916.05
3.75%$944.76
4.00%$973.93
4.25%$1,003.56
4.50%$1,033.64
4.75%$1,064.16
5.00%$1,095.12
5.25%$1,126.50
5.50%$1,158.29
5.75%$1,190.49
6.00%$1,223.08
6.25%$1,256.06
6.50%$1,289.42
6.75%$1,323.14
7.00%$1,357.22
7.25%$1,391.64
7.50%$1,426.40
7.75%$1,461.48
8.00%$1,496.88
8.25%$1,532.58
8.50%$1,568.58
8.75%$1,604.87
9.00%$1,641.43
9.25%$1,678.26
9.50%$1,715.34
9.75%$1,752.68
10.00%$1,790.25
10.25%$1,828.05
10.50%$1,866.07
10.75%$1,904.30
11.00%$1,942.74
11.25%$1,981.37
11.50%$2,020.19
11.75%$2,059.20
12.00%$2,098.37