$308,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $308k 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 308,000 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 $308,000 house.
2% interest
0% down$1,138.43/mo
5% down$1,081.51/mo
10% down$1,024.59/mo
15% down$967.66/mo
20% down$910.74/mo
25% down$853.82/mo
30% down$796.90/mo
35% down$739.98/mo
40% down$683.06/mo
45% down$626.14/mo
50% down$569.21/mo
4% interest
0% down$1,470.44/mo
5% down$1,396.92/mo
10% down$1,323.40/mo
15% down$1,249.87/mo
20% down$1,176.35/mo
25% down$1,102.83/mo
30% down$1,029.31/mo
35% down$955.79/mo
40% down$882.26/mo
45% down$808.74/mo
50% down$735.22/mo
6% interest
0% down$1,846.62/mo
5% down$1,754.28/mo
10% down$1,661.95/mo
15% down$1,569.62/mo
20% down$1,477.29/mo
25% down$1,384.96/mo
30% down$1,292.63/mo
35% down$1,200.30/mo
40% down$1,107.97/mo
45% down$1,015.64/mo
50% down$923.31/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 308,000 house with a 20% down payment?
($246,400 loan. 30 year mortgage)
0.25%$710.50
0.50%$737.20
0.75%$764.54
1.00%$792.52
1.25%$821.13
1.50%$850.38
1.75%$880.25
2.00%$910.74
2.25%$941.85
2.50%$973.58
2.75%$1,005.91
3.00%$1,038.83
3.25%$1,072.35
3.50%$1,106.45
3.75%$1,141.12
4.00%$1,176.35
4.25%$1,212.14
4.50%$1,248.47
4.75%$1,285.34
5.00%$1,322.73
5.25%$1,360.63
5.50%$1,399.03
5.75%$1,437.92
6.00%$1,477.29
6.25%$1,517.13
6.50%$1,557.42
6.75%$1,598.15
7.00%$1,639.31
7.25%$1,680.88
7.50%$1,722.86
7.75%$1,765.24
8.00%$1,808.00
8.25%$1,851.12
8.50%$1,894.60
8.75%$1,938.43
9.00%$1,982.59
9.25%$2,027.07
9.50%$2,071.86
9.75%$2,116.96
10.00%$2,162.34
10.25%$2,207.99
10.50%$2,253.92
10.75%$2,300.10
11.00%$2,346.52
11.25%$2,393.19
11.50%$2,440.08
11.75%$2,487.19
12.00%$2,534.50