Use the mortgage calculator to calculate the cost of buying a $313k 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 313,000 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 $313,000 house.
$313,000 Home at 2%
| 0% down | $1,156.91/mo |
| 5% down | $1,099.06/mo |
| 10% down | $1,041.22/mo |
| 15% down | $983.37/mo |
| 20% down | $925.53/mo |
| 25% down | $867.68/mo |
| 30% down | $809.84/mo |
| 35% down | $751.99/mo |
| 40% down | $694.15/mo |
| 45% down | $636.30/mo |
| 50% down | $578.45/mo |
$313,000 Home at 4%
| 0% down | $1,494.31/mo |
| 5% down | $1,419.59/mo |
| 10% down | $1,344.88/mo |
| 15% down | $1,270.16/mo |
| 20% down | $1,195.45/mo |
| 25% down | $1,120.73/mo |
| 30% down | $1,046.02/mo |
| 35% down | $971.30/mo |
| 40% down | $896.59/mo |
| 45% down | $821.87/mo |
| 50% down | $747.15/mo |
$313,000 Home at 6%
| 0% down | $1,876.59/mo |
| 5% down | $1,782.76/mo |
| 10% down | $1,688.93/mo |
| 15% down | $1,595.10/mo |
| 20% down | $1,501.27/mo |
| 25% down | $1,407.44/mo |
| 30% down | $1,313.62/mo |
| 35% down | $1,219.79/mo |
| 40% down | $1,125.96/mo |
| 45% down | $1,032.13/mo |
| 50% down | $938.30/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.