Use the mortgage calculator to calculate the cost of buying a $302k 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 302,000 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 $302,000 house.
$302,000 Home at 2%
| 0% down | $1,116.25/mo |
| 5% down | $1,060.44/mo |
| 10% down | $1,004.63/mo |
| 15% down | $948.81/mo |
| 20% down | $893.00/mo |
| 25% down | $837.19/mo |
| 30% down | $781.38/mo |
| 35% down | $725.56/mo |
| 40% down | $669.75/mo |
| 45% down | $613.94/mo |
| 50% down | $558.13/mo |
$302,000 Home at 4%
| 0% down | $1,441.79/mo |
| 5% down | $1,369.70/mo |
| 10% down | $1,297.61/mo |
| 15% down | $1,225.53/mo |
| 20% down | $1,153.44/mo |
| 25% down | $1,081.35/mo |
| 30% down | $1,009.26/mo |
| 35% down | $937.17/mo |
| 40% down | $865.08/mo |
| 45% down | $792.99/mo |
| 50% down | $720.90/mo |
$302,000 Home at 6%
| 0% down | $1,810.64/mo |
| 5% down | $1,720.11/mo |
| 10% down | $1,629.58/mo |
| 15% down | $1,539.05/mo |
| 20% down | $1,448.51/mo |
| 25% down | $1,357.98/mo |
| 30% down | $1,267.45/mo |
| 35% down | $1,176.92/mo |
| 40% down | $1,086.39/mo |
| 45% down | $995.85/mo |
| 50% down | $905.32/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.