Use the mortgage calculator to calculate the cost of buying a $328k 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 328,000 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 $328,000 house.
$328,000 Home at 2%
| 0% down | $1,212.35/mo |
| 5% down | $1,151.73/mo |
| 10% down | $1,091.12/mo |
| 15% down | $1,030.50/mo |
| 20% down | $969.88/mo |
| 25% down | $909.26/mo |
| 30% down | $848.65/mo |
| 35% down | $788.03/mo |
| 40% down | $727.41/mo |
| 45% down | $666.79/mo |
| 50% down | $606.18/mo |
$328,000 Home at 4%
| 0% down | $1,565.92/mo |
| 5% down | $1,487.63/mo |
| 10% down | $1,409.33/mo |
| 15% down | $1,331.03/mo |
| 20% down | $1,252.74/mo |
| 25% down | $1,174.44/mo |
| 30% down | $1,096.15/mo |
| 35% down | $1,017.85/mo |
| 40% down | $939.55/mo |
| 45% down | $861.26/mo |
| 50% down | $782.96/mo |
$328,000 Home at 6%
| 0% down | $1,966.53/mo |
| 5% down | $1,868.20/mo |
| 10% down | $1,769.87/mo |
| 15% down | $1,671.55/mo |
| 20% down | $1,573.22/mo |
| 25% down | $1,474.89/mo |
| 30% down | $1,376.57/mo |
| 35% down | $1,278.24/mo |
| 40% down | $1,179.92/mo |
| 45% down | $1,081.59/mo |
| 50% down | $983.26/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.