$260,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $260k 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 260,000 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 $260,000 house.
2% interest
0% down$961.01/mo
5% down$912.96/mo
10% down$864.91/mo
15% down$816.86/mo
20% down$768.81/mo
25% down$720.76/mo
30% down$672.71/mo
35% down$624.66/mo
40% down$576.61/mo
45% down$528.56/mo
50% down$480.51/mo
4% interest
0% down$1,241.28/mo
5% down$1,179.22/mo
10% down$1,117.15/mo
15% down$1,055.09/mo
20% down$993.02/mo
25% down$930.96/mo
30% down$868.90/mo
35% down$806.83/mo
40% down$744.77/mo
45% down$682.70/mo
50% down$620.64/mo
6% interest
0% down$1,558.83/mo
5% down$1,480.89/mo
10% down$1,402.95/mo
15% down$1,325.01/mo
20% down$1,247.07/mo
25% down$1,169.12/mo
30% down$1,091.18/mo
35% down$1,013.24/mo
40% down$935.30/mo
45% down$857.36/mo
50% down$779.42/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 260,000 house with a 20% down payment?
($208,000 loan. 30 year mortgage)
0.25%$599.78
0.50%$622.31
0.75%$645.39
1.00%$669.01
1.25%$693.16
1.50%$717.85
1.75%$743.07
2.00%$768.81
2.25%$795.07
2.50%$821.85
2.75%$849.14
3.00%$876.94
3.25%$905.23
3.50%$934.01
3.75%$963.28
4.00%$993.02
4.25%$1,023.23
4.50%$1,053.91
4.75%$1,085.03
5.00%$1,116.59
5.25%$1,148.58
5.50%$1,181.00
5.75%$1,213.83
6.00%$1,247.07
6.25%$1,280.69
6.50%$1,314.70
6.75%$1,349.08
7.00%$1,383.83
7.25%$1,418.93
7.50%$1,454.37
7.75%$1,490.14
8.00%$1,526.23
8.25%$1,562.63
8.50%$1,599.34
8.75%$1,636.34
9.00%$1,673.62
9.25%$1,711.16
9.50%$1,748.98
9.75%$1,787.04
10.00%$1,825.35
10.25%$1,863.89
10.50%$1,902.66
10.75%$1,941.64
11.00%$1,980.83
11.25%$2,020.22
11.50%$2,059.81
11.75%$2,099.57
12.00%$2,139.51