$295,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $295k 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 295,000 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 $295,000 house.
2% interest
0% down$1,090.38/mo
5% down$1,035.86/mo
10% down$981.34/mo
15% down$926.82/mo
20% down$872.30/mo
25% down$817.78/mo
30% down$763.26/mo
35% down$708.75/mo
40% down$654.23/mo
45% down$599.71/mo
50% down$545.19/mo
4% interest
0% down$1,408.38/mo
5% down$1,337.96/mo
10% down$1,267.54/mo
15% down$1,197.12/mo
20% down$1,126.70/mo
25% down$1,056.28/mo
30% down$985.86/mo
35% down$915.44/mo
40% down$845.03/mo
45% down$774.61/mo
50% down$704.19/mo
6% interest
0% down$1,768.67/mo
5% down$1,680.24/mo
10% down$1,591.81/mo
15% down$1,503.37/mo
20% down$1,414.94/mo
25% down$1,326.51/mo
30% down$1,238.07/mo
35% down$1,149.64/mo
40% down$1,061.20/mo
45% down$972.77/mo
50% down$884.34/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 295,000 house with a 20% down payment?
($236,000 loan. 30 year mortgage)
0.25%$680.51
0.50%$706.09
0.75%$732.27
1.00%$759.07
1.25%$786.47
1.50%$814.48
1.75%$843.09
2.00%$872.30
2.25%$902.10
2.50%$932.49
2.75%$963.45
3.00%$994.99
3.25%$1,027.09
3.50%$1,059.75
3.75%$1,092.95
4.00%$1,126.70
4.25%$1,160.98
4.50%$1,195.78
4.75%$1,231.09
5.00%$1,266.90
5.25%$1,303.20
5.50%$1,339.98
5.75%$1,377.23
6.00%$1,414.94
6.25%$1,453.09
6.50%$1,491.68
6.75%$1,530.69
7.00%$1,570.11
7.25%$1,609.94
7.50%$1,650.15
7.75%$1,690.73
8.00%$1,731.68
8.25%$1,772.99
8.50%$1,814.64
8.75%$1,856.61
9.00%$1,898.91
9.25%$1,941.51
9.50%$1,984.42
9.75%$2,027.60
10.00%$2,071.07
10.25%$2,114.80
10.50%$2,158.78
10.75%$2,203.02
11.00%$2,247.48
11.25%$2,292.18
11.50%$2,337.09
11.75%$2,382.21
12.00%$2,427.53