Use the mortgage calculator to calculate the cost of buying a $350k 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 350,000 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 $350,000 house.
$350,000 Home at 2%
| 0% down | $1,293.67/mo |
| 5% down | $1,228.98/mo |
| 10% down | $1,164.30/mo |
| 15% down | $1,099.62/mo |
| 20% down | $1,034.93/mo |
| 25% down | $970.25/mo |
| 30% down | $905.57/mo |
| 35% down | $840.88/mo |
| 40% down | $776.20/mo |
| 45% down | $711.52/mo |
| 50% down | $646.83/mo |
$350,000 Home at 4%
| 0% down | $1,670.95/mo |
| 5% down | $1,587.41/mo |
| 10% down | $1,503.86/mo |
| 15% down | $1,420.31/mo |
| 20% down | $1,336.76/mo |
| 25% down | $1,253.22/mo |
| 30% down | $1,169.67/mo |
| 35% down | $1,086.12/mo |
| 40% down | $1,002.57/mo |
| 45% down | $919.02/mo |
| 50% down | $835.48/mo |
$350,000 Home at 6%
| 0% down | $2,098.43/mo |
| 5% down | $1,993.51/mo |
| 10% down | $1,888.58/mo |
| 15% down | $1,783.66/mo |
| 20% down | $1,678.74/mo |
| 25% down | $1,573.82/mo |
| 30% down | $1,468.90/mo |
| 35% down | $1,363.98/mo |
| 40% down | $1,259.06/mo |
| 45% down | $1,154.13/mo |
| 50% down | $1,049.21/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.