Use the mortgage calculator to calculate the cost of buying a $258k 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 258,000 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 $258,000 house.
$258,000 Home at 2%
| 0% down | $953.62/mo |
| 5% down | $905.94/mo |
| 10% down | $858.26/mo |
| 15% down | $810.58/mo |
| 20% down | $762.89/mo |
| 25% down | $715.21/mo |
| 30% down | $667.53/mo |
| 35% down | $619.85/mo |
| 40% down | $572.17/mo |
| 45% down | $524.49/mo |
| 50% down | $476.81/mo |
$258,000 Home at 4%
| 0% down | $1,231.73/mo |
| 5% down | $1,170.14/mo |
| 10% down | $1,108.56/mo |
| 15% down | $1,046.97/mo |
| 20% down | $985.39/mo |
| 25% down | $923.80/mo |
| 30% down | $862.21/mo |
| 35% down | $800.63/mo |
| 40% down | $739.04/mo |
| 45% down | $677.45/mo |
| 50% down | $615.87/mo |
$258,000 Home at 6%
| 0% down | $1,546.84/mo |
| 5% down | $1,469.50/mo |
| 10% down | $1,392.16/mo |
| 15% down | $1,314.81/mo |
| 20% down | $1,237.47/mo |
| 25% down | $1,160.13/mo |
| 30% down | $1,082.79/mo |
| 35% down | $1,005.45/mo |
| 40% down | $928.10/mo |
| 45% down | $850.76/mo |
| 50% down | $773.42/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.