Use the mortgage calculator to calculate the cost of buying a $264k 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 264,000 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 $264,000 house.
$264,000 Home at 2%
| 0% down | $975.80/mo |
| 5% down | $927.01/mo |
| 10% down | $878.22/mo |
| 15% down | $829.43/mo |
| 20% down | $780.64/mo |
| 25% down | $731.85/mo |
| 30% down | $683.06/mo |
| 35% down | $634.27/mo |
| 40% down | $585.48/mo |
| 45% down | $536.69/mo |
| 50% down | $487.90/mo |
$264,000 Home at 4%
| 0% down | $1,260.38/mo |
| 5% down | $1,197.36/mo |
| 10% down | $1,134.34/mo |
| 15% down | $1,071.32/mo |
| 20% down | $1,008.30/mo |
| 25% down | $945.28/mo |
| 30% down | $882.26/mo |
| 35% down | $819.24/mo |
| 40% down | $756.23/mo |
| 45% down | $693.21/mo |
| 50% down | $630.19/mo |
$264,000 Home at 6%
| 0% down | $1,582.81/mo |
| 5% down | $1,503.67/mo |
| 10% down | $1,424.53/mo |
| 15% down | $1,345.39/mo |
| 20% down | $1,266.25/mo |
| 25% down | $1,187.11/mo |
| 30% down | $1,107.97/mo |
| 35% down | $1,028.83/mo |
| 40% down | $949.69/mo |
| 45% down | $870.55/mo |
| 50% down | $791.41/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.