Use the mortgage calculator to calculate the cost of buying a $267k 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 267,000 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 $267,000 house.
$267,000 Home at 2%
0% down | $986.88/mo |
5% down | $937.54/mo |
10% down | $888.20/mo |
15% down | $838.85/mo |
20% down | $789.51/mo |
25% down | $740.16/mo |
30% down | $690.82/mo |
35% down | $641.47/mo |
40% down | $592.13/mo |
45% down | $542.79/mo |
50% down | $493.44/mo |
$267,000 Home at 4%
0% down | $1,274.70/mo |
5% down | $1,210.96/mo |
10% down | $1,147.23/mo |
15% down | $1,083.49/mo |
20% down | $1,019.76/mo |
25% down | $956.02/mo |
30% down | $892.29/mo |
35% down | $828.55/mo |
40% down | $764.82/mo |
45% down | $701.08/mo |
50% down | $637.35/mo |
$267,000 Home at 6%
0% down | $1,600.80/mo |
5% down | $1,520.76/mo |
10% down | $1,440.72/mo |
15% down | $1,360.68/mo |
20% down | $1,280.64/mo |
25% down | $1,200.60/mo |
30% down | $1,120.56/mo |
35% down | $1,040.52/mo |
40% down | $960.48/mo |
45% down | $880.44/mo |
50% down | $800.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.