$271,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $271k 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 271,000 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 $271,000 house.
2% interest
0% down$1,001.67/mo
5% down$951.59/mo
10% down$901.50/mo
15% down$851.42/mo
20% down$801.34/mo
25% down$751.25/mo
30% down$701.17/mo
35% down$651.08/mo
40% down$601.00/mo
45% down$550.92/mo
50% down$500.83/mo
4% interest
0% down$1,293.80/mo
5% down$1,229.11/mo
10% down$1,164.42/mo
15% down$1,099.73/mo
20% down$1,035.04/mo
25% down$970.35/mo
30% down$905.66/mo
35% down$840.97/mo
40% down$776.28/mo
45% down$711.59/mo
50% down$646.90/mo
6% interest
0% down$1,624.78/mo
5% down$1,543.54/mo
10% down$1,462.30/mo
15% down$1,381.06/mo
20% down$1,299.83/mo
25% down$1,218.59/mo
30% down$1,137.35/mo
35% down$1,056.11/mo
40% down$974.87/mo
45% down$893.63/mo
50% down$812.39/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 271,000 house with a 20% down payment?
($216,800 loan. 30 year mortgage)
0.25%$625.15
0.50%$648.64
0.75%$672.70
1.00%$697.31
1.25%$722.49
1.50%$748.22
1.75%$774.50
2.00%$801.34
2.25%$828.71
2.50%$856.62
2.75%$885.07
3.00%$914.04
3.25%$943.53
3.50%$973.53
3.75%$1,004.03
4.00%$1,035.04
4.25%$1,066.53
4.50%$1,098.49
4.75%$1,130.93
5.00%$1,163.83
5.25%$1,197.18
5.50%$1,230.97
5.75%$1,265.19
6.00%$1,299.83
6.25%$1,334.87
6.50%$1,370.32
6.75%$1,406.16
7.00%$1,442.38
7.25%$1,478.96
7.50%$1,515.90
7.75%$1,553.18
8.00%$1,590.80
8.25%$1,628.75
8.50%$1,667.00
8.75%$1,705.57
9.00%$1,744.42
9.25%$1,783.56
9.50%$1,822.97
9.75%$1,862.65
10.00%$1,902.58
10.25%$1,942.75
10.50%$1,983.15
10.75%$2,023.79
11.00%$2,064.64
11.25%$2,105.69
11.50%$2,146.95
11.75%$2,188.40
12.00%$2,230.03