Use the mortgage calculator to calculate the cost of buying a $275k 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 275,000 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 $275,000 house.
$275,000 Home at 2%
| 0% down | $1,016.45/mo |
| 5% down | $965.63/mo |
| 10% down | $914.81/mo |
| 15% down | $863.99/mo |
| 20% down | $813.16/mo |
| 25% down | $762.34/mo |
| 30% down | $711.52/mo |
| 35% down | $660.69/mo |
| 40% down | $609.87/mo |
| 45% down | $559.05/mo |
| 50% down | $508.23/mo |
$275,000 Home at 4%
| 0% down | $1,312.89/mo |
| 5% down | $1,247.25/mo |
| 10% down | $1,181.60/mo |
| 15% down | $1,115.96/mo |
| 20% down | $1,050.31/mo |
| 25% down | $984.67/mo |
| 30% down | $919.02/mo |
| 35% down | $853.38/mo |
| 40% down | $787.74/mo |
| 45% down | $722.09/mo |
| 50% down | $656.45/mo |
$275,000 Home at 6%
| 0% down | $1,648.76/mo |
| 5% down | $1,566.33/mo |
| 10% down | $1,483.89/mo |
| 15% down | $1,401.45/mo |
| 20% down | $1,319.01/mo |
| 25% down | $1,236.57/mo |
| 30% down | $1,154.13/mo |
| 35% down | $1,071.70/mo |
| 40% down | $989.26/mo |
| 45% down | $906.82/mo |
| 50% down | $824.38/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.