$298,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $298k 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 298,000 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 $298,000 house.
2% interest
0% down$1,101.47/mo
5% down$1,046.39/mo
10% down$991.32/mo
15% down$936.25/mo
20% down$881.17/mo
25% down$826.10/mo
30% down$771.03/mo
35% down$715.95/mo
40% down$660.88/mo
45% down$605.81/mo
50% down$550.73/mo
4% interest
0% down$1,422.70/mo
5% down$1,351.56/mo
10% down$1,280.43/mo
15% down$1,209.29/mo
20% down$1,138.16/mo
25% down$1,067.02/mo
30% down$995.89/mo
35% down$924.75/mo
40% down$853.62/mo
45% down$782.48/mo
50% down$711.35/mo
6% interest
0% down$1,786.66/mo
5% down$1,697.33/mo
10% down$1,607.99/mo
15% down$1,518.66/mo
20% down$1,429.33/mo
25% down$1,340.00/mo
30% down$1,250.66/mo
35% down$1,161.33/mo
40% down$1,072.00/mo
45% down$982.66/mo
50% down$893.33/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 298,000 house with a 20% down payment?
($238,400 loan. 30 year mortgage)
0.25%$687.43
0.50%$713.27
0.75%$739.72
1.00%$766.79
1.25%$794.47
1.50%$822.77
1.75%$851.67
2.00%$881.17
2.25%$911.27
2.50%$941.97
2.75%$973.25
3.00%$1,005.10
3.25%$1,037.53
3.50%$1,070.52
3.75%$1,104.07
4.00%$1,138.16
4.25%$1,172.78
4.50%$1,207.94
4.75%$1,243.61
5.00%$1,279.78
5.25%$1,316.45
5.50%$1,353.61
5.75%$1,391.24
6.00%$1,429.33
6.25%$1,467.87
6.50%$1,506.85
6.75%$1,546.26
7.00%$1,586.08
7.25%$1,626.31
7.50%$1,666.93
7.75%$1,707.93
8.00%$1,749.29
8.25%$1,791.02
8.50%$1,833.09
8.75%$1,875.49
9.00%$1,918.22
9.25%$1,961.26
9.50%$2,004.60
9.75%$2,048.22
10.00%$2,092.13
10.25%$2,136.31
10.50%$2,180.74
10.75%$2,225.42
11.00%$2,270.34
11.25%$2,315.49
11.50%$2,360.85
11.75%$2,406.43
12.00%$2,452.21