$311,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $311k 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 311,000 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 $311,000 house.
2% interest
0% down$1,149.52/mo
5% down$1,092.04/mo
10% down$1,034.56/mo
15% down$977.09/mo
20% down$919.61/mo
25% down$862.14/mo
30% down$804.66/mo
35% down$747.19/mo
40% down$689.71/mo
45% down$632.23/mo
50% down$574.76/mo
4% interest
0% down$1,484.76/mo
5% down$1,410.52/mo
10% down$1,336.29/mo
15% down$1,262.05/mo
20% down$1,187.81/mo
25% down$1,113.57/mo
30% down$1,039.33/mo
35% down$965.10/mo
40% down$890.86/mo
45% down$816.62/mo
50% down$742.38/mo
6% interest
0% down$1,864.60/mo
5% down$1,771.37/mo
10% down$1,678.14/mo
15% down$1,584.91/mo
20% down$1,491.68/mo
25% down$1,398.45/mo
30% down$1,305.22/mo
35% down$1,211.99/mo
40% down$1,118.76/mo
45% down$1,025.53/mo
50% down$932.30/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 311,000 house with a 20% down payment?
($248,800 loan. 30 year mortgage)
0.25%$717.42
0.50%$744.38
0.75%$771.99
1.00%$800.24
1.25%$829.13
1.50%$858.66
1.75%$888.82
2.00%$919.61
2.25%$951.03
2.50%$983.06
2.75%$1,015.70
3.00%$1,048.95
3.25%$1,082.79
3.50%$1,117.22
3.75%$1,152.23
4.00%$1,187.81
4.25%$1,223.95
4.50%$1,260.63
4.75%$1,297.86
5.00%$1,335.61
5.25%$1,373.88
5.50%$1,412.66
5.75%$1,451.93
6.00%$1,491.68
6.25%$1,531.90
6.50%$1,572.59
6.75%$1,613.71
7.00%$1,655.27
7.25%$1,697.25
7.50%$1,739.65
7.75%$1,782.43
8.00%$1,825.61
8.25%$1,869.15
8.50%$1,913.06
8.75%$1,957.31
9.00%$2,001.90
9.25%$2,046.82
9.50%$2,092.05
9.75%$2,137.58
10.00%$2,183.40
10.25%$2,229.50
10.50%$2,275.87
10.75%$2,322.50
11.00%$2,369.38
11.25%$2,416.50
11.50%$2,463.85
11.75%$2,511.41
12.00%$2,559.19