Use the mortgage calculator to calculate the cost of buying a $322k 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 322,000 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 $322,000 house.
$322,000 Home at 2%
0% down | $1,190.17/mo |
5% down | $1,130.67/mo |
10% down | $1,071.16/mo |
15% down | $1,011.65/mo |
20% down | $952.14/mo |
25% down | $892.63/mo |
30% down | $833.12/mo |
35% down | $773.61/mo |
40% down | $714.10/mo |
45% down | $654.60/mo |
50% down | $595.09/mo |
$322,000 Home at 4%
0% down | $1,537.28/mo |
5% down | $1,460.41/mo |
10% down | $1,383.55/mo |
15% down | $1,306.69/mo |
20% down | $1,229.82/mo |
25% down | $1,152.96/mo |
30% down | $1,076.09/mo |
35% down | $999.23/mo |
40% down | $922.37/mo |
45% down | $845.50/mo |
50% down | $768.64/mo |
$322,000 Home at 6%
0% down | $1,930.55/mo |
5% down | $1,834.03/mo |
10% down | $1,737.50/mo |
15% down | $1,640.97/mo |
20% down | $1,544.44/mo |
25% down | $1,447.91/mo |
30% down | $1,351.39/mo |
35% down | $1,254.86/mo |
40% down | $1,158.33/mo |
45% down | $1,061.80/mo |
50% down | $965.28/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.