$309,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $309k 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 309,000 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 $309,000 house.
2% interest
0% down$1,142.12/mo
5% down$1,085.02/mo
10% down$1,027.91/mo
15% down$970.81/mo
20% down$913.70/mo
25% down$856.59/mo
30% down$799.49/mo
35% down$742.38/mo
40% down$685.27/mo
45% down$628.17/mo
50% down$571.06/mo
4% interest
0% down$1,475.21/mo
5% down$1,401.45/mo
10% down$1,327.69/mo
15% down$1,253.93/mo
20% down$1,180.17/mo
25% down$1,106.41/mo
30% down$1,032.65/mo
35% down$958.89/mo
40% down$885.13/mo
45% down$811.37/mo
50% down$737.61/mo
6% interest
0% down$1,852.61/mo
5% down$1,759.98/mo
10% down$1,667.35/mo
15% down$1,574.72/mo
20% down$1,482.09/mo
25% down$1,389.46/mo
30% down$1,296.83/mo
35% down$1,204.20/mo
40% down$1,111.57/mo
45% down$1,018.94/mo
50% down$926.31/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 309,000 house with a 20% down payment?
($247,200 loan. 30 year mortgage)
0.25%$712.81
0.50%$739.60
0.75%$767.02
1.00%$795.09
1.25%$823.80
1.50%$853.14
1.75%$883.11
2.00%$913.70
2.25%$944.91
2.50%$976.74
2.75%$1,009.17
3.00%$1,042.21
3.25%$1,075.83
3.50%$1,110.04
3.75%$1,144.82
4.00%$1,180.17
4.25%$1,216.08
4.50%$1,252.53
4.75%$1,289.51
5.00%$1,327.02
5.25%$1,365.05
5.50%$1,403.57
5.75%$1,442.59
6.00%$1,482.09
6.25%$1,522.05
6.50%$1,562.47
6.75%$1,603.33
7.00%$1,644.63
7.25%$1,686.34
7.50%$1,728.46
7.75%$1,770.97
8.00%$1,813.87
8.25%$1,857.13
8.50%$1,900.75
8.75%$1,944.72
9.00%$1,989.03
9.25%$2,033.65
9.50%$2,078.59
9.75%$2,123.83
10.00%$2,169.36
10.25%$2,215.16
10.50%$2,261.24
10.75%$2,307.57
11.00%$2,354.14
11.25%$2,400.96
11.50%$2,448.00
11.75%$2,495.26
12.00%$2,542.73