$256,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $256k 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 256,000 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 $256,000 house.
2% interest
0% down$946.23/mo
5% down$898.91/mo
10% down$851.60/mo
15% down$804.29/mo
20% down$756.98/mo
25% down$709.67/mo
30% down$662.36/mo
35% down$615.05/mo
40% down$567.74/mo
45% down$520.42/mo
50% down$473.11/mo
4% interest
0% down$1,222.18/mo
5% down$1,161.07/mo
10% down$1,099.96/mo
15% down$1,038.86/mo
20% down$977.75/mo
25% down$916.64/mo
30% down$855.53/mo
35% down$794.42/mo
40% down$733.31/mo
45% down$672.20/mo
50% down$611.09/mo
6% interest
0% down$1,534.85/mo
5% down$1,458.11/mo
10% down$1,381.36/mo
15% down$1,304.62/mo
20% down$1,227.88/mo
25% down$1,151.14/mo
30% down$1,074.39/mo
35% down$997.65/mo
40% down$920.91/mo
45% down$844.17/mo
50% down$767.42/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 256,000 house with a 20% down payment?
($204,800 loan. 30 year mortgage)
0.25%$590.55
0.50%$612.74
0.75%$635.46
1.00%$658.72
1.25%$682.50
1.50%$706.81
1.75%$731.63
2.00%$756.98
2.25%$782.84
2.50%$809.21
2.75%$836.08
3.00%$863.45
3.25%$891.30
3.50%$919.64
3.75%$948.46
4.00%$977.75
4.25%$1,007.49
4.50%$1,037.69
4.75%$1,068.33
5.00%$1,099.41
5.25%$1,130.91
5.50%$1,162.83
5.75%$1,195.16
6.00%$1,227.88
6.25%$1,260.99
6.50%$1,294.48
6.75%$1,328.33
7.00%$1,362.54
7.25%$1,397.10
7.50%$1,431.99
7.75%$1,467.21
8.00%$1,502.75
8.25%$1,538.59
8.50%$1,574.73
8.75%$1,611.16
9.00%$1,647.87
9.25%$1,684.84
9.50%$1,722.07
9.75%$1,759.55
10.00%$1,797.27
10.25%$1,835.22
10.50%$1,873.39
10.75%$1,911.77
11.00%$1,950.36
11.25%$1,989.14
11.50%$2,028.12
11.75%$2,067.27
12.00%$2,106.60