$280,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $280k 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 280,000 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 $280,000 house.
2% interest
0% down$1,034.93/mo
5% down$983.19/mo
10% down$931.44/mo
15% down$879.69/mo
20% down$827.95/mo
25% down$776.20/mo
30% down$724.45/mo
35% down$672.71/mo
40% down$620.96/mo
45% down$569.21/mo
50% down$517.47/mo
4% interest
0% down$1,336.76/mo
5% down$1,269.92/mo
10% down$1,203.09/mo
15% down$1,136.25/mo
20% down$1,069.41/mo
25% down$1,002.57/mo
30% down$935.73/mo
35% down$868.90/mo
40% down$802.06/mo
45% down$735.22/mo
50% down$668.38/mo
6% interest
0% down$1,678.74/mo
5% down$1,594.80/mo
10% down$1,510.87/mo
15% down$1,426.93/mo
20% down$1,342.99/mo
25% down$1,259.06/mo
30% down$1,175.12/mo
35% down$1,091.18/mo
40% down$1,007.24/mo
45% down$923.31/mo
50% down$839.37/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 280,000 house with a 20% down payment?
($224,000 loan. 30 year mortgage)
0.25%$645.91
0.50%$670.18
0.75%$695.04
1.00%$720.47
1.25%$746.48
1.50%$773.07
1.75%$800.23
2.00%$827.95
2.25%$856.23
2.50%$885.07
2.75%$914.46
3.00%$944.39
3.25%$974.86
3.50%$1,005.86
3.75%$1,037.38
4.00%$1,069.41
4.25%$1,101.95
4.50%$1,134.98
4.75%$1,168.49
5.00%$1,202.48
5.25%$1,236.94
5.50%$1,271.85
5.75%$1,307.20
6.00%$1,342.99
6.25%$1,379.21
6.50%$1,415.83
6.75%$1,452.86
7.00%$1,490.28
7.25%$1,528.07
7.50%$1,566.24
7.75%$1,604.76
8.00%$1,643.63
8.25%$1,682.84
8.50%$1,722.37
8.75%$1,762.21
9.00%$1,802.35
9.25%$1,842.79
9.50%$1,883.51
9.75%$1,924.51
10.00%$1,965.76
10.25%$2,007.27
10.50%$2,049.02
10.75%$2,091.00
11.00%$2,133.20
11.25%$2,175.63
11.50%$2,218.25
11.75%$2,261.08
12.00%$2,304.09