$320,000 Mortgage Loan Payments and Costs

$
$
%
years
%

Loan Summary


Use the mortgage calculator to calculate the cost of buying a $320k 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 320,000 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 $320,000 house.
2% interest
0% down$1,182.78/mo
5% down$1,123.64/mo
10% down$1,064.50/mo
15% down$1,005.36/mo
20% down$946.23/mo
25% down$887.09/mo
30% down$827.95/mo
35% down$768.81/mo
40% down$709.67/mo
45% down$650.53/mo
50% down$591.39/mo
4% interest
0% down$1,527.73/mo
5% down$1,451.34/mo
10% down$1,374.96/mo
15% down$1,298.57/mo
20% down$1,222.18/mo
25% down$1,145.80/mo
30% down$1,069.41/mo
35% down$993.02/mo
40% down$916.64/mo
45% down$840.25/mo
50% down$763.86/mo
6% interest
0% down$1,918.56/mo
5% down$1,822.63/mo
10% down$1,726.71/mo
15% down$1,630.78/mo
20% down$1,534.85/mo
25% down$1,438.92/mo
30% down$1,342.99/mo
35% down$1,247.07/mo
40% down$1,151.14/mo
45% down$1,055.21/mo
50% down$959.28/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 320,000 house with a 20% down payment?
($256,000 loan. 30 year mortgage)
0.25%$738.19
0.50%$765.93
0.75%$794.33
1.00%$823.40
1.25%$853.12
1.50%$883.51
1.75%$914.54
2.00%$946.23
2.25%$978.55
2.50%$1,011.51
2.75%$1,045.10
3.00%$1,079.31
3.25%$1,114.13
3.50%$1,149.55
3.75%$1,185.58
4.00%$1,222.18
4.25%$1,259.37
4.50%$1,297.11
4.75%$1,335.42
5.00%$1,374.26
5.25%$1,413.64
5.50%$1,453.54
5.75%$1,493.95
6.00%$1,534.85
6.25%$1,576.24
6.50%$1,618.09
6.75%$1,660.41
7.00%$1,703.17
7.25%$1,746.37
7.50%$1,789.99
7.75%$1,834.02
8.00%$1,878.44
8.25%$1,923.24
8.50%$1,968.42
8.75%$2,013.95
9.00%$2,059.83
9.25%$2,106.05
9.50%$2,152.59
9.75%$2,199.44
10.00%$2,246.58
10.25%$2,294.02
10.50%$2,341.73
10.75%$2,389.71
11.00%$2,437.95
11.25%$2,486.43
11.50%$2,535.15
11.75%$2,584.09
12.00%$2,633.25