Use the mortgage calculator to calculate the cost of buying a $273k 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 273,000 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 $273,000 house.
2% interest
| 0% down | $1,009.06/mo |
| 5% down | $958.61/mo |
| 10% down | $908.16/mo |
| 15% down | $857.70/mo |
| 20% down | $807.25/mo |
| 25% down | $756.80/mo |
| 30% down | $706.34/mo |
| 35% down | $655.89/mo |
| 40% down | $605.44/mo |
| 45% down | $554.98/mo |
| 50% down | $504.53/mo |
4% interest
| 0% down | $1,303.34/mo |
| 5% down | $1,238.18/mo |
| 10% down | $1,173.01/mo |
| 15% down | $1,107.84/mo |
| 20% down | $1,042.68/mo |
| 25% down | $977.51/mo |
| 30% down | $912.34/mo |
| 35% down | $847.17/mo |
| 40% down | $782.01/mo |
| 45% down | $716.84/mo |
| 50% down | $651.67/mo |
6% interest
| 0% down | $1,636.77/mo |
| 5% down | $1,554.93/mo |
| 10% down | $1,473.10/mo |
| 15% down | $1,391.26/mo |
| 20% down | $1,309.42/mo |
| 25% down | $1,227.58/mo |
| 30% down | $1,145.74/mo |
| 35% down | $1,063.90/mo |
| 40% down | $982.06/mo |
| 45% down | $900.23/mo |
| 50% down | $818.39/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.