$297,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $297k 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 297,000 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 $297,000 house.
2% interest
0% down$1,097.77/mo
5% down$1,042.88/mo
10% down$987.99/mo
15% down$933.10/mo
20% down$878.22/mo
25% down$823.33/mo
30% down$768.44/mo
35% down$713.55/mo
40% down$658.66/mo
45% down$603.77/mo
50% down$548.88/mo
4% interest
0% down$1,417.92/mo
5% down$1,347.03/mo
10% down$1,276.13/mo
15% down$1,205.23/mo
20% down$1,134.34/mo
25% down$1,063.44/mo
30% down$992.55/mo
35% down$921.65/mo
40% down$850.75/mo
45% down$779.86/mo
50% down$708.96/mo
6% interest
0% down$1,780.67/mo
5% down$1,691.63/mo
10% down$1,602.60/mo
15% down$1,513.57/mo
20% down$1,424.53/mo
25% down$1,335.50/mo
30% down$1,246.47/mo
35% down$1,157.43/mo
40% down$1,068.40/mo
45% down$979.37/mo
50% down$890.33/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 297,000 house with a 20% down payment?
($237,600 loan. 30 year mortgage)
0.25%$685.13
0.50%$710.87
0.75%$737.24
1.00%$764.22
1.25%$791.81
1.50%$820.01
1.75%$848.81
2.00%$878.22
2.25%$908.22
2.50%$938.81
2.75%$969.98
3.00%$1,001.73
3.25%$1,034.05
3.50%$1,066.93
3.75%$1,100.36
4.00%$1,134.34
4.25%$1,168.85
4.50%$1,203.88
4.75%$1,239.43
5.00%$1,275.49
5.25%$1,312.04
5.50%$1,349.07
5.75%$1,386.57
6.00%$1,424.53
6.25%$1,462.94
6.50%$1,501.79
6.75%$1,541.07
7.00%$1,580.76
7.25%$1,620.85
7.50%$1,661.33
7.75%$1,702.20
8.00%$1,743.42
8.25%$1,785.01
8.50%$1,826.94
8.75%$1,869.20
9.00%$1,911.78
9.25%$1,954.68
9.50%$1,997.87
9.75%$2,041.35
10.00%$2,085.11
10.25%$2,129.14
10.50%$2,173.42
10.75%$2,217.95
11.00%$2,262.72
11.25%$2,307.72
11.50%$2,352.93
11.75%$2,398.36
12.00%$2,443.98