Use the mortgage calculator to calculate the cost of buying a $270k 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 270,000 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 $270,000 house.
$270,000 Home at 2%
| 0% down | $997.97/mo |
| 5% down | $948.07/mo |
| 10% down | $898.18/mo |
| 15% down | $848.28/mo |
| 20% down | $798.38/mo |
| 25% down | $748.48/mo |
| 30% down | $698.58/mo |
| 35% down | $648.68/mo |
| 40% down | $598.78/mo |
| 45% down | $548.88/mo |
| 50% down | $498.99/mo |
$270,000 Home at 4%
| 0% down | $1,289.02/mo |
| 5% down | $1,224.57/mo |
| 10% down | $1,160.12/mo |
| 15% down | $1,095.67/mo |
| 20% down | $1,031.22/mo |
| 25% down | $966.77/mo |
| 30% down | $902.31/mo |
| 35% down | $837.86/mo |
| 40% down | $773.41/mo |
| 45% down | $708.96/mo |
| 50% down | $644.51/mo |
$270,000 Home at 6%
| 0% down | $1,618.79/mo |
| 5% down | $1,537.85/mo |
| 10% down | $1,456.91/mo |
| 15% down | $1,375.97/mo |
| 20% down | $1,295.03/mo |
| 25% down | $1,214.09/mo |
| 30% down | $1,133.15/mo |
| 35% down | $1,052.21/mo |
| 40% down | $971.27/mo |
| 45% down | $890.33/mo |
| 50% down | $809.39/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.