Use the mortgage calculator to calculate the cost of buying a $266k 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 266,000 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 $266,000 house.
$266,000 Home at 2%
| 0% down | $983.19/mo |
| 5% down | $934.03/mo |
| 10% down | $884.87/mo |
| 15% down | $835.71/mo |
| 20% down | $786.55/mo |
| 25% down | $737.39/mo |
| 30% down | $688.23/mo |
| 35% down | $639.07/mo |
| 40% down | $589.91/mo |
| 45% down | $540.75/mo |
| 50% down | $491.59/mo |
$266,000 Home at 4%
| 0% down | $1,269.92/mo |
| 5% down | $1,206.43/mo |
| 10% down | $1,142.93/mo |
| 15% down | $1,079.44/mo |
| 20% down | $1,015.94/mo |
| 25% down | $952.44/mo |
| 30% down | $888.95/mo |
| 35% down | $825.45/mo |
| 40% down | $761.95/mo |
| 45% down | $698.46/mo |
| 50% down | $634.96/mo |
$266,000 Home at 6%
| 0% down | $1,594.80/mo |
| 5% down | $1,515.06/mo |
| 10% down | $1,435.32/mo |
| 15% down | $1,355.58/mo |
| 20% down | $1,275.84/mo |
| 25% down | $1,196.10/mo |
| 30% down | $1,116.36/mo |
| 35% down | $1,036.62/mo |
| 40% down | $956.88/mo |
| 45% down | $877.14/mo |
| 50% down | $797.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.