Use the mortgage calculator to calculate the cost of buying a $360k 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 360,000 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 $360,000 house.
$360,000 Home at 2%
| 0% down | $1,330.63/mo |
| 5% down | $1,264.10/mo |
| 10% down | $1,197.57/mo |
| 15% down | $1,131.04/mo |
| 20% down | $1,064.50/mo |
| 25% down | $997.97/mo |
| 30% down | $931.44/mo |
| 35% down | $864.91/mo |
| 40% down | $798.38/mo |
| 45% down | $731.85/mo |
| 50% down | $665.32/mo |
$360,000 Home at 4%
| 0% down | $1,718.70/mo |
| 5% down | $1,632.76/mo |
| 10% down | $1,546.83/mo |
| 15% down | $1,460.89/mo |
| 20% down | $1,374.96/mo |
| 25% down | $1,289.02/mo |
| 30% down | $1,203.09/mo |
| 35% down | $1,117.15/mo |
| 40% down | $1,031.22/mo |
| 45% down | $945.28/mo |
| 50% down | $859.35/mo |
$360,000 Home at 6%
| 0% down | $2,158.38/mo |
| 5% down | $2,050.46/mo |
| 10% down | $1,942.54/mo |
| 15% down | $1,834.62/mo |
| 20% down | $1,726.71/mo |
| 25% down | $1,618.79/mo |
| 30% down | $1,510.87/mo |
| 35% down | $1,402.95/mo |
| 40% down | $1,295.03/mo |
| 45% down | $1,187.11/mo |
| 50% down | $1,079.19/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.