Use the mortgage calculator to calculate the cost of buying a $272k 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 272,000 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 $272,000 house.
$272,000 Home at 2%
| 0% down | $1,005.36/mo |
| 5% down | $955.10/mo |
| 10% down | $904.83/mo |
| 15% down | $854.56/mo |
| 20% down | $804.29/mo |
| 25% down | $754.02/mo |
| 30% down | $703.76/mo |
| 35% down | $653.49/mo |
| 40% down | $603.22/mo |
| 45% down | $552.95/mo |
| 50% down | $502.68/mo |
$272,000 Home at 4%
| 0% down | $1,298.57/mo |
| 5% down | $1,233.64/mo |
| 10% down | $1,168.71/mo |
| 15% down | $1,103.78/mo |
| 20% down | $1,038.86/mo |
| 25% down | $973.93/mo |
| 30% down | $909.00/mo |
| 35% down | $844.07/mo |
| 40% down | $779.14/mo |
| 45% down | $714.21/mo |
| 50% down | $649.28/mo |
$272,000 Home at 6%
| 0% down | $1,630.78/mo |
| 5% down | $1,549.24/mo |
| 10% down | $1,467.70/mo |
| 15% down | $1,386.16/mo |
| 20% down | $1,304.62/mo |
| 25% down | $1,223.08/mo |
| 30% down | $1,141.54/mo |
| 35% down | $1,060.01/mo |
| 40% down | $978.47/mo |
| 45% down | $896.93/mo |
| 50% down | $815.39/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.