$257,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $257k 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 257,000 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 $257,000 house.
2% interest
0% down$949.92/mo
5% down$902.43/mo
10% down$854.93/mo
15% down$807.43/mo
20% down$759.94/mo
25% down$712.44/mo
30% down$664.95/mo
35% down$617.45/mo
40% down$569.95/mo
45% down$522.46/mo
50% down$474.96/mo
4% interest
0% down$1,226.96/mo
5% down$1,165.61/mo
10% down$1,104.26/mo
15% down$1,042.91/mo
20% down$981.57/mo
25% down$920.22/mo
30% down$858.87/mo
35% down$797.52/mo
40% down$736.17/mo
45% down$674.83/mo
50% down$613.48/mo
6% interest
0% down$1,540.84/mo
5% down$1,463.80/mo
10% down$1,386.76/mo
15% down$1,309.72/mo
20% down$1,232.68/mo
25% down$1,155.63/mo
30% down$1,078.59/mo
35% down$1,001.55/mo
40% down$924.51/mo
45% down$847.46/mo
50% down$770.42/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 257,000 house with a 20% down payment?
($205,600 loan. 30 year mortgage)
0.25%$592.85
0.50%$615.13
0.75%$637.95
1.00%$661.29
1.25%$685.17
1.50%$709.57
1.75%$734.49
2.00%$759.94
2.25%$785.90
2.50%$812.37
2.75%$839.34
3.00%$866.82
3.25%$894.78
3.50%$923.24
3.75%$952.17
4.00%$981.57
4.25%$1,011.43
4.50%$1,041.74
4.75%$1,072.51
5.00%$1,103.71
5.25%$1,135.33
5.50%$1,167.37
5.75%$1,199.83
6.00%$1,232.68
6.25%$1,265.91
6.50%$1,299.53
6.75%$1,333.52
7.00%$1,367.86
7.25%$1,402.55
7.50%$1,437.59
7.75%$1,472.94
8.00%$1,508.62
8.25%$1,544.60
8.50%$1,580.89
8.75%$1,617.46
9.00%$1,654.30
9.25%$1,691.42
9.50%$1,728.80
9.75%$1,766.42
10.00%$1,804.29
10.25%$1,842.38
10.50%$1,880.70
10.75%$1,919.24
11.00%$1,957.98
11.25%$1,996.91
11.50%$2,036.04
11.75%$2,075.35
12.00%$2,114.83