$284,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $284k 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 284,000 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 $284,000 house.
2% interest
0% down$1,049.72/mo
5% down$997.23/mo
10% down$944.75/mo
15% down$892.26/mo
20% down$839.78/mo
25% down$787.29/mo
30% down$734.80/mo
35% down$682.32/mo
40% down$629.83/mo
45% down$577.35/mo
50% down$524.86/mo
4% interest
0% down$1,355.86/mo
5% down$1,288.07/mo
10% down$1,220.27/mo
15% down$1,152.48/mo
20% down$1,084.69/mo
25% down$1,016.89/mo
30% down$949.10/mo
35% down$881.31/mo
40% down$813.52/mo
45% down$745.72/mo
50% down$677.93/mo
6% interest
0% down$1,702.72/mo
5% down$1,617.59/mo
10% down$1,532.45/mo
15% down$1,447.31/mo
20% down$1,362.18/mo
25% down$1,277.04/mo
30% down$1,191.91/mo
35% down$1,106.77/mo
40% down$1,021.63/mo
45% down$936.50/mo
50% down$851.36/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 284,000 house with a 20% down payment?
($227,200 loan. 30 year mortgage)
0.25%$655.14
0.50%$679.76
0.75%$704.97
1.00%$730.76
1.25%$757.15
1.50%$784.11
1.75%$811.66
2.00%$839.78
2.25%$868.46
2.50%$897.71
2.75%$927.52
3.00%$957.88
3.25%$988.79
3.50%$1,020.23
3.75%$1,052.20
4.00%$1,084.69
4.25%$1,117.69
4.50%$1,151.19
4.75%$1,185.18
5.00%$1,219.66
5.25%$1,254.61
5.50%$1,290.02
5.75%$1,325.88
6.00%$1,362.18
6.25%$1,398.91
6.50%$1,436.06
6.75%$1,473.61
7.00%$1,511.57
7.25%$1,549.90
7.50%$1,588.62
7.75%$1,627.69
8.00%$1,667.11
8.25%$1,706.88
8.50%$1,746.97
8.75%$1,787.38
9.00%$1,828.10
9.25%$1,869.12
9.50%$1,910.42
9.75%$1,952.00
10.00%$1,993.84
10.25%$2,035.94
10.50%$2,078.29
10.75%$2,120.87
11.00%$2,163.68
11.25%$2,206.71
11.50%$2,249.94
11.75%$2,293.38
12.00%$2,337.01