$304,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $304k 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 304,000 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 $304,000 house.
2% interest
0% down$1,123.64/mo
5% down$1,067.46/mo
10% down$1,011.28/mo
15% down$955.10/mo
20% down$898.91/mo
25% down$842.73/mo
30% down$786.55/mo
35% down$730.37/mo
40% down$674.19/mo
45% down$618.00/mo
50% down$561.82/mo
4% interest
0% down$1,451.34/mo
5% down$1,378.78/mo
10% down$1,306.21/mo
15% down$1,233.64/mo
20% down$1,161.07/mo
25% down$1,088.51/mo
30% down$1,015.94/mo
35% down$943.37/mo
40% down$870.81/mo
45% down$798.24/mo
50% down$725.67/mo
6% interest
0% down$1,822.63/mo
5% down$1,731.50/mo
10% down$1,640.37/mo
15% down$1,549.24/mo
20% down$1,458.11/mo
25% down$1,366.98/mo
30% down$1,275.84/mo
35% down$1,184.71/mo
40% down$1,093.58/mo
45% down$1,002.45/mo
50% down$911.32/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 304,000 house with a 20% down payment?
($243,200 loan. 30 year mortgage)
0.25%$701.28
0.50%$727.63
0.75%$754.61
1.00%$782.23
1.25%$810.47
1.50%$839.33
1.75%$868.82
2.00%$898.91
2.25%$929.62
2.50%$960.93
2.75%$992.84
3.00%$1,025.34
3.25%$1,058.42
3.50%$1,092.08
3.75%$1,126.30
4.00%$1,161.07
4.25%$1,196.40
4.50%$1,232.26
4.75%$1,268.65
5.00%$1,305.55
5.25%$1,342.96
5.50%$1,380.86
5.75%$1,419.25
6.00%$1,458.11
6.25%$1,497.42
6.50%$1,537.19
6.75%$1,577.39
7.00%$1,618.02
7.25%$1,659.05
7.50%$1,700.49
7.75%$1,742.31
8.00%$1,784.52
8.25%$1,827.08
8.50%$1,870.00
8.75%$1,913.26
9.00%$1,956.84
9.25%$2,000.75
9.50%$2,044.96
9.75%$2,089.46
10.00%$2,134.25
10.25%$2,179.32
10.50%$2,224.65
10.75%$2,270.23
11.00%$2,316.05
11.25%$2,362.11
11.50%$2,408.39
11.75%$2,454.88
12.00%$2,501.59