Use the mortgage calculator to calculate the cost of buying a $367k 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 367,000 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 $367,000 house.
$367,000 Home at 2%
| 0% down | $1,356.50/mo |
| 5% down | $1,288.68/mo |
| 10% down | $1,220.85/mo |
| 15% down | $1,153.03/mo |
| 20% down | $1,085.20/mo |
| 25% down | $1,017.38/mo |
| 30% down | $949.55/mo |
| 35% down | $881.73/mo |
| 40% down | $813.90/mo |
| 45% down | $746.08/mo |
| 50% down | $678.25/mo |
$367,000 Home at 4%
| 0% down | $1,752.11/mo |
| 5% down | $1,664.51/mo |
| 10% down | $1,576.90/mo |
| 15% down | $1,489.30/mo |
| 20% down | $1,401.69/mo |
| 25% down | $1,314.09/mo |
| 30% down | $1,226.48/mo |
| 35% down | $1,138.87/mo |
| 40% down | $1,051.27/mo |
| 45% down | $963.66/mo |
| 50% down | $876.06/mo |
$367,000 Home at 6%
| 0% down | $2,200.35/mo |
| 5% down | $2,090.33/mo |
| 10% down | $1,980.32/mo |
| 15% down | $1,870.30/mo |
| 20% down | $1,760.28/mo |
| 25% down | $1,650.26/mo |
| 30% down | $1,540.25/mo |
| 35% down | $1,430.23/mo |
| 40% down | $1,320.21/mo |
| 45% down | $1,210.19/mo |
| 50% down | $1,100.18/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.