Use the mortgage calculator to calculate the cost of buying a $355k 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 355,000 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 $355,000 house.
$355,000 Home at 2%
| 0% down | $1,312.15/mo |
| 5% down | $1,246.54/mo |
| 10% down | $1,180.93/mo |
| 15% down | $1,115.33/mo |
| 20% down | $1,049.72/mo |
| 25% down | $984.11/mo |
| 30% down | $918.50/mo |
| 35% down | $852.90/mo |
| 40% down | $787.29/mo |
| 45% down | $721.68/mo |
| 50% down | $656.07/mo |
$355,000 Home at 4%
| 0% down | $1,694.82/mo |
| 5% down | $1,610.08/mo |
| 10% down | $1,525.34/mo |
| 15% down | $1,440.60/mo |
| 20% down | $1,355.86/mo |
| 25% down | $1,271.12/mo |
| 30% down | $1,186.38/mo |
| 35% down | $1,101.64/mo |
| 40% down | $1,016.89/mo |
| 45% down | $932.15/mo |
| 50% down | $847.41/mo |
$355,000 Home at 6%
| 0% down | $2,128.40/mo |
| 5% down | $2,021.98/mo |
| 10% down | $1,915.56/mo |
| 15% down | $1,809.14/mo |
| 20% down | $1,702.72/mo |
| 25% down | $1,596.30/mo |
| 30% down | $1,489.88/mo |
| 35% down | $1,383.46/mo |
| 40% down | $1,277.04/mo |
| 45% down | $1,170.62/mo |
| 50% down | $1,064.20/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.