Use the mortgage calculator to calculate the cost of buying a $308k 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 308,000 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 $308,000 house.
$308,000 Home at 2%
| 0% down | $1,138.43/mo |
| 5% down | $1,081.51/mo |
| 10% down | $1,024.59/mo |
| 15% down | $967.66/mo |
| 20% down | $910.74/mo |
| 25% down | $853.82/mo |
| 30% down | $796.90/mo |
| 35% down | $739.98/mo |
| 40% down | $683.06/mo |
| 45% down | $626.14/mo |
| 50% down | $569.21/mo |
$308,000 Home at 4%
| 0% down | $1,470.44/mo |
| 5% down | $1,396.92/mo |
| 10% down | $1,323.40/mo |
| 15% down | $1,249.87/mo |
| 20% down | $1,176.35/mo |
| 25% down | $1,102.83/mo |
| 30% down | $1,029.31/mo |
| 35% down | $955.79/mo |
| 40% down | $882.26/mo |
| 45% down | $808.74/mo |
| 50% down | $735.22/mo |
$308,000 Home at 6%
| 0% down | $1,846.62/mo |
| 5% down | $1,754.28/mo |
| 10% down | $1,661.95/mo |
| 15% down | $1,569.62/mo |
| 20% down | $1,477.29/mo |
| 25% down | $1,384.96/mo |
| 30% down | $1,292.63/mo |
| 35% down | $1,200.30/mo |
| 40% down | $1,107.97/mo |
| 45% down | $1,015.64/mo |
| 50% down | $923.31/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.