$318,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $318k 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 318,000 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 $318,000 house.
2% interest
0% down$1,175.39/mo
5% down$1,116.62/mo
10% down$1,057.85/mo
15% down$999.08/mo
20% down$940.31/mo
25% down$881.54/mo
30% down$822.77/mo
35% down$764.00/mo
40% down$705.23/mo
45% down$646.46/mo
50% down$587.69/mo
4% interest
0% down$1,518.18/mo
5% down$1,442.27/mo
10% down$1,366.36/mo
15% down$1,290.45/mo
20% down$1,214.54/mo
25% down$1,138.64/mo
30% down$1,062.73/mo
35% down$986.82/mo
40% down$910.91/mo
45% down$835.00/mo
50% down$759.09/mo
6% interest
0% down$1,906.57/mo
5% down$1,811.24/mo
10% down$1,715.91/mo
15% down$1,620.59/mo
20% down$1,525.26/mo
25% down$1,429.93/mo
30% down$1,334.60/mo
35% down$1,239.27/mo
40% down$1,143.94/mo
45% down$1,048.61/mo
50% down$953.29/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 318,000 house with a 20% down payment?
($254,400 loan. 30 year mortgage)
0.25%$733.57
0.50%$761.14
0.75%$789.37
1.00%$818.25
1.25%$847.79
1.50%$877.99
1.75%$908.83
2.00%$940.31
2.25%$972.43
2.50%$1,005.19
2.75%$1,038.57
3.00%$1,072.56
3.25%$1,107.16
3.50%$1,142.37
3.75%$1,178.17
4.00%$1,214.54
4.25%$1,251.50
4.50%$1,289.01
4.75%$1,327.07
5.00%$1,365.67
5.25%$1,404.81
5.50%$1,444.46
5.75%$1,484.61
6.00%$1,525.26
6.25%$1,566.38
6.50%$1,607.98
6.75%$1,650.03
7.00%$1,692.53
7.25%$1,735.46
7.50%$1,778.80
7.75%$1,822.55
8.00%$1,866.70
8.25%$1,911.22
8.50%$1,956.12
8.75%$2,001.37
9.00%$2,046.96
9.25%$2,092.89
9.50%$2,139.13
9.75%$2,185.69
10.00%$2,232.54
10.25%$2,279.68
10.50%$2,327.10
10.75%$2,374.78
11.00%$2,422.71
11.25%$2,470.89
11.50%$2,519.30
11.75%$2,567.94
12.00%$2,616.79