Use the mortgage calculator to calculate the cost of buying a $307k 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 307,000 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 $307,000 house.
$307,000 Home at 2%
| 0% down | $1,134.73/mo |
| 5% down | $1,078.00/mo |
| 10% down | $1,021.26/mo |
| 15% down | $964.52/mo |
| 20% down | $907.79/mo |
| 25% down | $851.05/mo |
| 30% down | $794.31/mo |
| 35% down | $737.58/mo |
| 40% down | $680.84/mo |
| 45% down | $624.10/mo |
| 50% down | $567.37/mo |
$307,000 Home at 4%
| 0% down | $1,465.66/mo |
| 5% down | $1,392.38/mo |
| 10% down | $1,319.10/mo |
| 15% down | $1,245.82/mo |
| 20% down | $1,172.53/mo |
| 25% down | $1,099.25/mo |
| 30% down | $1,025.97/mo |
| 35% down | $952.68/mo |
| 40% down | $879.40/mo |
| 45% down | $806.12/mo |
| 50% down | $732.83/mo |
$307,000 Home at 6%
| 0% down | $1,840.62/mo |
| 5% down | $1,748.59/mo |
| 10% down | $1,656.56/mo |
| 15% down | $1,564.53/mo |
| 20% down | $1,472.50/mo |
| 25% down | $1,380.47/mo |
| 30% down | $1,288.43/mo |
| 35% down | $1,196.40/mo |
| 40% down | $1,104.37/mo |
| 45% down | $1,012.34/mo |
| 50% down | $920.31/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.