http://www.trulia.com/voices/Home_Buying/what_is_the_average_monthly_payment_for_a_dollar-55046en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Greensboro_NC-138474/http://www.trulia.com/voices/profile/Real_Estate_Pro-Greensboro_NC-138474/Tina, At 6.5% interest for principal and interest only a 280,000 loan payment would be 1769.88 now that is a fixed rate 30 year note. Hope this helps,Mon, 01 Sep 2008 16:18:48 -0700http://www.trulia.com/voices/profile/Home_Seller-Raleigh_NC-108548/http://www.trulia.com/voices/profile/Home_Seller-Raleigh_NC-108548/I've found this calculator to be very helpful - but so much depends on interest rates. I'd recommend you talk to a couple of reputable lenders to start the process. http://www.mortgageloan.com/calculator/Wed, 27 Aug 2008 09:54:11 -0700