$316,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $316k 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 316,000 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 $316,000 house.
2% interest
0% down$1,168.00/mo
5% down$1,109.60/mo
10% down$1,051.20/mo
15% down$992.80/mo
20% down$934.40/mo
25% down$876.00/mo
30% down$817.60/mo
35% down$759.20/mo
40% down$700.80/mo
45% down$642.40/mo
50% down$584.00/mo
4% interest
0% down$1,508.63/mo
5% down$1,433.20/mo
10% down$1,357.77/mo
15% down$1,282.34/mo
20% down$1,206.91/mo
25% down$1,131.47/mo
30% down$1,056.04/mo
35% down$980.61/mo
40% down$905.18/mo
45% down$829.75/mo
50% down$754.32/mo
6% interest
0% down$1,894.58/mo
5% down$1,799.85/mo
10% down$1,705.12/mo
15% down$1,610.39/mo
20% down$1,515.66/mo
25% down$1,420.93/mo
30% down$1,326.21/mo
35% down$1,231.48/mo
40% down$1,136.75/mo
45% down$1,042.02/mo
50% down$947.29/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 316,000 house with a 20% down payment?
($252,800 loan. 30 year mortgage)
0.25%$728.96
0.50%$756.35
0.75%$784.40
1.00%$813.10
1.25%$842.46
1.50%$872.46
1.75%$903.11
2.00%$934.40
2.25%$966.32
2.50%$998.87
2.75%$1,032.03
3.00%$1,065.81
3.25%$1,100.20
3.50%$1,135.18
3.75%$1,170.76
4.00%$1,206.91
4.25%$1,243.62
4.50%$1,280.90
4.75%$1,318.72
5.00%$1,357.09
5.25%$1,395.97
5.50%$1,435.37
5.75%$1,475.27
6.00%$1,515.66
6.25%$1,556.53
6.50%$1,597.87
6.75%$1,639.66
7.00%$1,681.88
7.25%$1,724.54
7.50%$1,767.61
7.75%$1,811.09
8.00%$1,854.96
8.25%$1,899.20
8.50%$1,943.81
8.75%$1,988.78
9.00%$2,034.09
9.25%$2,079.72
9.50%$2,125.68
9.75%$2,171.94
10.00%$2,218.50
10.25%$2,265.34
10.50%$2,312.46
10.75%$2,359.84
11.00%$2,407.47
11.25%$2,455.35
11.50%$2,503.46
11.75%$2,551.79
12.00%$2,600.33