$296,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $296k 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 296,000 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 $296,000 house.
2% interest
0% down$1,094.07/mo
5% down$1,039.37/mo
10% down$984.67/mo
15% down$929.96/mo
20% down$875.26/mo
25% down$820.56/mo
30% down$765.85/mo
35% down$711.15/mo
40% down$656.44/mo
45% down$601.74/mo
50% down$547.04/mo
4% interest
0% down$1,413.15/mo
5% down$1,342.49/mo
10% down$1,271.83/mo
15% down$1,201.18/mo
20% down$1,130.52/mo
25% down$1,059.86/mo
30% down$989.20/mo
35% down$918.55/mo
40% down$847.89/mo
45% down$777.23/mo
50% down$706.57/mo
6% interest
0% down$1,774.67/mo
5% down$1,685.94/mo
10% down$1,597.20/mo
15% down$1,508.47/mo
20% down$1,419.74/mo
25% down$1,331.00/mo
30% down$1,242.27/mo
35% down$1,153.54/mo
40% down$1,064.80/mo
45% down$976.07/mo
50% down$887.33/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 296,000 house with a 20% down payment?
($236,800 loan. 30 year mortgage)
0.25%$682.82
0.50%$708.48
0.75%$734.76
1.00%$761.64
1.25%$789.14
1.50%$817.24
1.75%$845.95
2.00%$875.26
2.25%$905.16
2.50%$935.65
2.75%$966.72
3.00%$998.36
3.25%$1,030.57
3.50%$1,063.34
3.75%$1,096.66
4.00%$1,130.52
4.25%$1,164.91
4.50%$1,199.83
4.75%$1,235.26
5.00%$1,271.19
5.25%$1,307.62
5.50%$1,344.52
5.75%$1,381.90
6.00%$1,419.74
6.25%$1,458.02
6.50%$1,496.74
6.75%$1,535.88
7.00%$1,575.44
7.25%$1,615.39
7.50%$1,655.74
7.75%$1,696.46
8.00%$1,737.55
8.25%$1,779.00
8.50%$1,820.79
8.75%$1,862.91
9.00%$1,905.35
9.25%$1,948.10
9.50%$1,991.14
9.75%$2,034.48
10.00%$2,078.09
10.25%$2,121.97
10.50%$2,166.10
10.75%$2,210.48
11.00%$2,255.10
11.25%$2,299.95
11.50%$2,345.01
11.75%$2,390.28
12.00%$2,435.75