Use the mortgage calculator to calculate the cost of buying a $309k 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 309,000 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 $309,000 house.
$309,000 Home at 2%
| 0% down | $1,142.12/mo |
| 5% down | $1,085.02/mo |
| 10% down | $1,027.91/mo |
| 15% down | $970.81/mo |
| 20% down | $913.70/mo |
| 25% down | $856.59/mo |
| 30% down | $799.49/mo |
| 35% down | $742.38/mo |
| 40% down | $685.27/mo |
| 45% down | $628.17/mo |
| 50% down | $571.06/mo |
$309,000 Home at 4%
| 0% down | $1,475.21/mo |
| 5% down | $1,401.45/mo |
| 10% down | $1,327.69/mo |
| 15% down | $1,253.93/mo |
| 20% down | $1,180.17/mo |
| 25% down | $1,106.41/mo |
| 30% down | $1,032.65/mo |
| 35% down | $958.89/mo |
| 40% down | $885.13/mo |
| 45% down | $811.37/mo |
| 50% down | $737.61/mo |
$309,000 Home at 6%
| 0% down | $1,852.61/mo |
| 5% down | $1,759.98/mo |
| 10% down | $1,667.35/mo |
| 15% down | $1,574.72/mo |
| 20% down | $1,482.09/mo |
| 25% down | $1,389.46/mo |
| 30% down | $1,296.83/mo |
| 35% down | $1,204.20/mo |
| 40% down | $1,111.57/mo |
| 45% down | $1,018.94/mo |
| 50% down | $926.31/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.