$279,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $279k 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 279,000 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 $279,000 house.
2% interest
0% down$1,031.24/mo
5% down$979.68/mo
10% down$928.11/mo
15% down$876.55/mo
20% down$824.99/mo
25% down$773.43/mo
30% down$721.87/mo
35% down$670.30/mo
40% down$618.74/mo
45% down$567.18/mo
50% down$515.62/mo
4% interest
0% down$1,331.99/mo
5% down$1,265.39/mo
10% down$1,198.79/mo
15% down$1,132.19/mo
20% down$1,065.59/mo
25% down$998.99/mo
30% down$932.39/mo
35% down$865.79/mo
40% down$799.19/mo
45% down$732.59/mo
50% down$665.99/mo
6% interest
0% down$1,672.75/mo
5% down$1,589.11/mo
10% down$1,505.47/mo
15% down$1,421.83/mo
20% down$1,338.20/mo
25% down$1,254.56/mo
30% down$1,170.92/mo
35% down$1,087.28/mo
40% down$1,003.65/mo
45% down$920.01/mo
50% down$836.37/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 279,000 house with a 20% down payment?
($223,200 loan. 30 year mortgage)
0.25%$643.61
0.50%$667.79
0.75%$692.56
1.00%$717.90
1.25%$743.82
1.50%$770.31
1.75%$797.37
2.00%$824.99
2.25%$853.17
2.50%$881.91
2.75%$911.19
3.00%$941.02
3.25%$971.38
3.50%$1,002.27
3.75%$1,033.67
4.00%$1,065.59
4.25%$1,098.01
4.50%$1,130.92
4.75%$1,164.32
5.00%$1,198.19
5.25%$1,232.52
5.50%$1,267.31
5.75%$1,302.53
6.00%$1,338.20
6.25%$1,374.28
6.50%$1,410.78
6.75%$1,447.67
7.00%$1,484.96
7.25%$1,522.62
7.50%$1,560.65
7.75%$1,599.03
8.00%$1,637.76
8.25%$1,676.83
8.50%$1,716.21
8.75%$1,755.92
9.00%$1,795.92
9.25%$1,836.21
9.50%$1,876.79
9.75%$1,917.63
10.00%$1,958.74
10.25%$2,000.10
10.50%$2,041.70
10.75%$2,083.53
11.00%$2,125.59
11.25%$2,167.86
11.50%$2,210.33
11.75%$2,253.00
12.00%$2,295.86