$285,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $285k 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 285,000 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 $285,000 house.
2% interest
0% down$1,053.42/mo
5% down$1,000.74/mo
10% down$948.07/mo
15% down$895.40/mo
20% down$842.73/mo
25% down$790.06/mo
30% down$737.39/mo
35% down$684.72/mo
40% down$632.05/mo
45% down$579.38/mo
50% down$526.71/mo
4% interest
0% down$1,360.63/mo
5% down$1,292.60/mo
10% down$1,224.57/mo
15% down$1,156.54/mo
20% down$1,088.51/mo
25% down$1,020.48/mo
30% down$952.44/mo
35% down$884.41/mo
40% down$816.38/mo
45% down$748.35/mo
50% down$680.32/mo
6% interest
0% down$1,708.72/mo
5% down$1,623.28/mo
10% down$1,537.85/mo
15% down$1,452.41/mo
20% down$1,366.98/mo
25% down$1,281.54/mo
30% down$1,196.10/mo
35% down$1,110.67/mo
40% down$1,025.23/mo
45% down$939.80/mo
50% down$854.36/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 285,000 house with a 20% down payment?
($228,000 loan. 30 year mortgage)
0.25%$657.45
0.50%$682.15
0.75%$707.45
1.00%$733.34
1.25%$759.81
1.50%$786.87
1.75%$814.52
2.00%$842.73
2.25%$871.52
2.50%$900.88
2.75%$930.79
3.00%$961.26
3.25%$992.27
3.50%$1,023.82
3.75%$1,055.90
4.00%$1,088.51
4.25%$1,121.62
4.50%$1,155.24
4.75%$1,189.36
5.00%$1,223.95
5.25%$1,259.02
5.50%$1,294.56
5.75%$1,330.55
6.00%$1,366.98
6.25%$1,403.84
6.50%$1,441.12
6.75%$1,478.80
7.00%$1,516.89
7.25%$1,555.36
7.50%$1,594.21
7.75%$1,633.42
8.00%$1,672.98
8.25%$1,712.89
8.50%$1,753.12
8.75%$1,793.68
9.00%$1,834.54
9.25%$1,875.70
9.50%$1,917.15
9.75%$1,958.87
10.00%$2,000.86
10.25%$2,043.11
10.50%$2,085.61
10.75%$2,128.34
11.00%$2,171.30
11.25%$2,214.48
11.50%$2,257.86
11.75%$2,301.45
12.00%$2,345.24