Use the mortgage calculator to calculate the cost of buying a $317k 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 317,000 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 $317,000 house.
$317,000 Home at 2%
| 0% down | $1,171.69/mo |
| 5% down | $1,113.11/mo |
| 10% down | $1,054.52/mo |
| 15% down | $995.94/mo |
| 20% down | $937.35/mo |
| 25% down | $878.77/mo |
| 30% down | $820.19/mo |
| 35% down | $761.60/mo |
| 40% down | $703.02/mo |
| 45% down | $644.43/mo |
| 50% down | $585.85/mo |
$317,000 Home at 4%
| 0% down | $1,513.41/mo |
| 5% down | $1,437.74/mo |
| 10% down | $1,362.07/mo |
| 15% down | $1,286.40/mo |
| 20% down | $1,210.73/mo |
| 25% down | $1,135.05/mo |
| 30% down | $1,059.38/mo |
| 35% down | $983.71/mo |
| 40% down | $908.04/mo |
| 45% down | $832.37/mo |
| 50% down | $756.70/mo |
$317,000 Home at 6%
| 0% down | $1,900.58/mo |
| 5% down | $1,805.55/mo |
| 10% down | $1,710.52/mo |
| 15% down | $1,615.49/mo |
| 20% down | $1,520.46/mo |
| 25% down | $1,425.43/mo |
| 30% down | $1,330.40/mo |
| 35% down | $1,235.37/mo |
| 40% down | $1,140.35/mo |
| 45% down | $1,045.32/mo |
| 50% down | $950.29/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.