Use the mortgage calculator to calculate the cost of buying a $291k 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 291,000 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 $291,000 house.
$291,000 Home at 2%
| 0% down | $1,075.59/mo |
| 5% down | $1,021.81/mo |
| 10% down | $968.03/mo |
| 15% down | $914.25/mo |
| 20% down | $860.47/mo |
| 25% down | $806.69/mo |
| 30% down | $752.91/mo |
| 35% down | $699.14/mo |
| 40% down | $645.36/mo |
| 45% down | $591.58/mo |
| 50% down | $537.80/mo |
$291,000 Home at 4%
| 0% down | $1,389.28/mo |
| 5% down | $1,319.81/mo |
| 10% down | $1,250.35/mo |
| 15% down | $1,180.89/mo |
| 20% down | $1,111.42/mo |
| 25% down | $1,041.96/mo |
| 30% down | $972.49/mo |
| 35% down | $903.03/mo |
| 40% down | $833.57/mo |
| 45% down | $764.10/mo |
| 50% down | $694.64/mo |
$291,000 Home at 6%
| 0% down | $1,744.69/mo |
| 5% down | $1,657.46/mo |
| 10% down | $1,570.22/mo |
| 15% down | $1,482.99/mo |
| 20% down | $1,395.75/mo |
| 25% down | $1,308.52/mo |
| 30% down | $1,221.28/mo |
| 35% down | $1,134.05/mo |
| 40% down | $1,046.82/mo |
| 45% down | $959.58/mo |
| 50% down | $872.35/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.