Use the mortgage calculator to calculate the cost of buying a $265k 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 265,000 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 $265,000 house.
$265,000 Home at 2%
| 0% down | $979.49/mo |
| 5% down | $930.52/mo |
| 10% down | $881.54/mo |
| 15% down | $832.57/mo |
| 20% down | $783.59/mo |
| 25% down | $734.62/mo |
| 30% down | $685.64/mo |
| 35% down | $636.67/mo |
| 40% down | $587.69/mo |
| 45% down | $538.72/mo |
| 50% down | $489.75/mo |
$265,000 Home at 4%
| 0% down | $1,265.15/mo |
| 5% down | $1,201.89/mo |
| 10% down | $1,138.64/mo |
| 15% down | $1,075.38/mo |
| 20% down | $1,012.12/mo |
| 25% down | $948.86/mo |
| 30% down | $885.61/mo |
| 35% down | $822.35/mo |
| 40% down | $759.09/mo |
| 45% down | $695.83/mo |
| 50% down | $632.58/mo |
$265,000 Home at 6%
| 0% down | $1,588.81/mo |
| 5% down | $1,509.37/mo |
| 10% down | $1,429.93/mo |
| 15% down | $1,350.49/mo |
| 20% down | $1,271.05/mo |
| 25% down | $1,191.61/mo |
| 30% down | $1,112.17/mo |
| 35% down | $1,032.73/mo |
| 40% down | $953.29/mo |
| 45% down | $873.84/mo |
| 50% down | $794.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.