Use the mortgage calculator to calculate the cost of buying a $361k 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 361,000 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 $361,000 house.
$361,000 Home at 2%
| 0% down | $1,334.33/mo |
| 5% down | $1,267.61/mo |
| 10% down | $1,200.89/mo |
| 15% down | $1,134.18/mo |
| 20% down | $1,067.46/mo |
| 25% down | $1,000.74/mo |
| 30% down | $934.03/mo |
| 35% down | $867.31/mo |
| 40% down | $800.60/mo |
| 45% down | $733.88/mo |
| 50% down | $667.16/mo |
$361,000 Home at 4%
| 0% down | $1,723.47/mo |
| 5% down | $1,637.30/mo |
| 10% down | $1,551.12/mo |
| 15% down | $1,464.95/mo |
| 20% down | $1,378.78/mo |
| 25% down | $1,292.60/mo |
| 30% down | $1,206.43/mo |
| 35% down | $1,120.25/mo |
| 40% down | $1,034.08/mo |
| 45% down | $947.91/mo |
| 50% down | $861.73/mo |
$361,000 Home at 6%
| 0% down | $2,164.38/mo |
| 5% down | $2,056.16/mo |
| 10% down | $1,947.94/mo |
| 15% down | $1,839.72/mo |
| 20% down | $1,731.50/mo |
| 25% down | $1,623.28/mo |
| 30% down | $1,515.06/mo |
| 35% down | $1,406.85/mo |
| 40% down | $1,298.63/mo |
| 45% down | $1,190.41/mo |
| 50% down | $1,082.19/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.