Use the mortgage calculator to calculate the cost of buying a $274k 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 274,000 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 $274,000 house.
$274,000 Home at 2%
| 0% down | $1,012.76/mo |
| 5% down | $962.12/mo |
| 10% down | $911.48/mo |
| 15% down | $860.84/mo |
| 20% down | $810.21/mo |
| 25% down | $759.57/mo |
| 30% down | $708.93/mo |
| 35% down | $658.29/mo |
| 40% down | $607.65/mo |
| 45% down | $557.02/mo |
| 50% down | $506.38/mo |
$274,000 Home at 4%
| 0% down | $1,308.12/mo |
| 5% down | $1,242.71/mo |
| 10% down | $1,177.31/mo |
| 15% down | $1,111.90/mo |
| 20% down | $1,046.49/mo |
| 25% down | $981.09/mo |
| 30% down | $915.68/mo |
| 35% down | $850.28/mo |
| 40% down | $784.87/mo |
| 45% down | $719.46/mo |
| 50% down | $654.06/mo |
$274,000 Home at 6%
| 0% down | $1,642.77/mo |
| 5% down | $1,560.63/mo |
| 10% down | $1,478.49/mo |
| 15% down | $1,396.35/mo |
| 20% down | $1,314.21/mo |
| 25% down | $1,232.08/mo |
| 30% down | $1,149.94/mo |
| 35% down | $1,067.80/mo |
| 40% down | $985.66/mo |
| 45% down | $903.52/mo |
| 50% down | $821.38/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.