Use the mortgage calculator to calculate the cost of buying a $269k 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 269,000 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 $269,000 house.
2% interest
| 0% down | $994.28/mo |
| 5% down | $944.56/mo |
| 10% down | $894.85/mo |
| 15% down | $845.13/mo |
| 20% down | $795.42/mo |
| 25% down | $745.71/mo |
| 30% down | $695.99/mo |
| 35% down | $646.28/mo |
| 40% down | $596.57/mo |
| 45% down | $546.85/mo |
| 50% down | $497.14/mo |
4% interest
| 0% down | $1,284.25/mo |
| 5% down | $1,220.03/mo |
| 10% down | $1,155.82/mo |
| 15% down | $1,091.61/mo |
| 20% down | $1,027.40/mo |
| 25% down | $963.19/mo |
| 30% down | $898.97/mo |
| 35% down | $834.76/mo |
| 40% down | $770.55/mo |
| 45% down | $706.34/mo |
| 50% down | $642.12/mo |
6% interest
| 0% down | $1,612.79/mo |
| 5% down | $1,532.15/mo |
| 10% down | $1,451.51/mo |
| 15% down | $1,370.87/mo |
| 20% down | $1,290.23/mo |
| 25% down | $1,209.59/mo |
| 30% down | $1,128.95/mo |
| 35% down | $1,048.31/mo |
| 40% down | $967.67/mo |
| 45% down | $887.04/mo |
| 50% down | $806.40/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.