Use the mortgage calculator to calculate the cost of buying a $331k 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 331,000 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 $331,000 house.
$331,000 Home at 2%
| 0% down | $1,223.44/mo |
| 5% down | $1,162.27/mo |
| 10% down | $1,101.10/mo |
| 15% down | $1,039.92/mo |
| 20% down | $978.75/mo |
| 25% down | $917.58/mo |
| 30% down | $856.41/mo |
| 35% down | $795.24/mo |
| 40% down | $734.06/mo |
| 45% down | $672.89/mo |
| 50% down | $611.72/mo |
$331,000 Home at 4%
| 0% down | $1,580.24/mo |
| 5% down | $1,501.23/mo |
| 10% down | $1,422.22/mo |
| 15% down | $1,343.21/mo |
| 20% down | $1,264.20/mo |
| 25% down | $1,185.18/mo |
| 30% down | $1,106.17/mo |
| 35% down | $1,027.16/mo |
| 40% down | $948.15/mo |
| 45% down | $869.13/mo |
| 50% down | $790.12/mo |
$331,000 Home at 6%
| 0% down | $1,984.51/mo |
| 5% down | $1,885.29/mo |
| 10% down | $1,786.06/mo |
| 15% down | $1,686.84/mo |
| 20% down | $1,587.61/mo |
| 25% down | $1,488.38/mo |
| 30% down | $1,389.16/mo |
| 35% down | $1,289.93/mo |
| 40% down | $1,190.71/mo |
| 45% down | $1,091.48/mo |
| 50% down | $992.26/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.