Use the mortgage calculator to calculate the cost of buying a $263k 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 263,000 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 $263,000 house.
$263,000 Home at 2%
| 0% down | $972.10/mo |
| 5% down | $923.49/mo |
| 10% down | $874.89/mo |
| 15% down | $826.28/mo |
| 20% down | $777.68/mo |
| 25% down | $729.07/mo |
| 30% down | $680.47/mo |
| 35% down | $631.86/mo |
| 40% down | $583.26/mo |
| 45% down | $534.65/mo |
| 50% down | $486.05/mo |
$263,000 Home at 4%
| 0% down | $1,255.60/mo |
| 5% down | $1,192.82/mo |
| 10% down | $1,130.04/mo |
| 15% down | $1,067.26/mo |
| 20% down | $1,004.48/mo |
| 25% down | $941.70/mo |
| 30% down | $878.92/mo |
| 35% down | $816.14/mo |
| 40% down | $753.36/mo |
| 45% down | $690.58/mo |
| 50% down | $627.80/mo |
$263,000 Home at 6%
| 0% down | $1,576.82/mo |
| 5% down | $1,497.98/mo |
| 10% down | $1,419.14/mo |
| 15% down | $1,340.30/mo |
| 20% down | $1,261.45/mo |
| 25% down | $1,182.61/mo |
| 30% down | $1,103.77/mo |
| 35% down | $1,024.93/mo |
| 40% down | $946.09/mo |
| 45% down | $867.25/mo |
| 50% down | $788.41/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.