Use the mortgage calculator to calculate the cost of buying a $268k 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 268,000 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 $268,000 house.
$268,000 Home at 2%
| 0% down | $990.58/mo |
| 5% down | $941.05/mo |
| 10% down | $891.52/mo |
| 15% down | $841.99/mo |
| 20% down | $792.46/mo |
| 25% down | $742.94/mo |
| 30% down | $693.41/mo |
| 35% down | $643.88/mo |
| 40% down | $594.35/mo |
| 45% down | $544.82/mo |
| 50% down | $495.29/mo |
$268,000 Home at 4%
| 0% down | $1,279.47/mo |
| 5% down | $1,215.50/mo |
| 10% down | $1,151.53/mo |
| 15% down | $1,087.55/mo |
| 20% down | $1,023.58/mo |
| 25% down | $959.60/mo |
| 30% down | $895.63/mo |
| 35% down | $831.66/mo |
| 40% down | $767.68/mo |
| 45% down | $703.71/mo |
| 50% down | $639.74/mo |
$268,000 Home at 6%
| 0% down | $1,606.80/mo |
| 5% down | $1,526.46/mo |
| 10% down | $1,446.12/mo |
| 15% down | $1,365.78/mo |
| 20% down | $1,285.44/mo |
| 25% down | $1,205.10/mo |
| 30% down | $1,124.76/mo |
| 35% down | $1,044.42/mo |
| 40% down | $964.08/mo |
| 45% down | $883.74/mo |
| 50% down | $803.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.