$261,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $261k 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 261,000 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 $261,000 house.
2% interest
0% down$964.71/mo
5% down$916.47/mo
10% down$868.24/mo
15% down$820.00/mo
20% down$771.77/mo
25% down$723.53/mo
30% down$675.29/mo
35% down$627.06/mo
40% down$578.82/mo
45% down$530.59/mo
50% down$482.35/mo
4% interest
0% down$1,246.05/mo
5% down$1,183.75/mo
10% down$1,121.45/mo
15% down$1,059.15/mo
20% down$996.84/mo
25% down$934.54/mo
30% down$872.24/mo
35% down$809.94/mo
40% down$747.63/mo
45% down$685.33/mo
50% down$623.03/mo
6% interest
0% down$1,564.83/mo
5% down$1,486.59/mo
10% down$1,408.34/mo
15% down$1,330.10/mo
20% down$1,251.86/mo
25% down$1,173.62/mo
30% down$1,095.38/mo
35% down$1,017.14/mo
40% down$938.90/mo
45% down$860.65/mo
50% down$782.41/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 261,000 house with a 20% down payment?
($208,800 loan. 30 year mortgage)
0.25%$602.08
0.50%$624.71
0.75%$647.88
1.00%$671.58
1.25%$695.83
1.50%$720.61
1.75%$745.92
2.00%$771.77
2.25%$798.13
2.50%$825.01
2.75%$852.41
3.00%$880.31
3.25%$908.71
3.50%$937.61
3.75%$966.99
4.00%$996.84
4.25%$1,027.17
4.50%$1,057.96
4.75%$1,089.20
5.00%$1,120.88
5.25%$1,153.00
5.50%$1,185.54
5.75%$1,218.50
6.00%$1,251.86
6.25%$1,285.62
6.50%$1,319.76
6.75%$1,354.27
7.00%$1,389.15
7.25%$1,424.38
7.50%$1,459.96
7.75%$1,495.87
8.00%$1,532.10
8.25%$1,568.64
8.50%$1,605.49
8.75%$1,642.63
9.00%$1,680.05
9.25%$1,717.75
9.50%$1,755.70
9.75%$1,793.91
10.00%$1,832.37
10.25%$1,871.06
10.50%$1,909.98
10.75%$1,949.11
11.00%$1,988.45
11.25%$2,027.99
11.50%$2,067.73
11.75%$2,107.65
12.00%$2,147.74