Use the mortgage calculator to calculate the cost of buying a $304k 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 304,000 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 $304,000 house.
$304,000 Home at 2%
| 0% down | $1,123.64/mo |
| 5% down | $1,067.46/mo |
| 10% down | $1,011.28/mo |
| 15% down | $955.10/mo |
| 20% down | $898.91/mo |
| 25% down | $842.73/mo |
| 30% down | $786.55/mo |
| 35% down | $730.37/mo |
| 40% down | $674.19/mo |
| 45% down | $618.00/mo |
| 50% down | $561.82/mo |
$304,000 Home at 4%
| 0% down | $1,451.34/mo |
| 5% down | $1,378.78/mo |
| 10% down | $1,306.21/mo |
| 15% down | $1,233.64/mo |
| 20% down | $1,161.07/mo |
| 25% down | $1,088.51/mo |
| 30% down | $1,015.94/mo |
| 35% down | $943.37/mo |
| 40% down | $870.81/mo |
| 45% down | $798.24/mo |
| 50% down | $725.67/mo |
$304,000 Home at 6%
| 0% down | $1,822.63/mo |
| 5% down | $1,731.50/mo |
| 10% down | $1,640.37/mo |
| 15% down | $1,549.24/mo |
| 20% down | $1,458.11/mo |
| 25% down | $1,366.98/mo |
| 30% down | $1,275.84/mo |
| 35% down | $1,184.71/mo |
| 40% down | $1,093.58/mo |
| 45% down | $1,002.45/mo |
| 50% down | $911.32/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.