Use the mortgage calculator to calculate the cost of buying a $337k 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 337,000 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 $337,000 house.
$337,000 Home at 2%
| 0% down | $1,245.62/mo |
| 5% down | $1,183.34/mo |
| 10% down | $1,121.06/mo |
| 15% down | $1,058.77/mo |
| 20% down | $996.49/mo |
| 25% down | $934.21/mo |
| 30% down | $871.93/mo |
| 35% down | $809.65/mo |
| 40% down | $747.37/mo |
| 45% down | $685.09/mo |
| 50% down | $622.81/mo |
$337,000 Home at 4%
| 0% down | $1,608.89/mo |
| 5% down | $1,528.45/mo |
| 10% down | $1,448.00/mo |
| 15% down | $1,367.56/mo |
| 20% down | $1,287.11/mo |
| 25% down | $1,206.67/mo |
| 30% down | $1,126.22/mo |
| 35% down | $1,045.78/mo |
| 40% down | $965.33/mo |
| 45% down | $884.89/mo |
| 50% down | $804.44/mo |
$337,000 Home at 6%
| 0% down | $2,020.49/mo |
| 5% down | $1,919.46/mo |
| 10% down | $1,818.44/mo |
| 15% down | $1,717.41/mo |
| 20% down | $1,616.39/mo |
| 25% down | $1,515.36/mo |
| 30% down | $1,414.34/mo |
| 35% down | $1,313.32/mo |
| 40% down | $1,212.29/mo |
| 45% down | $1,111.27/mo |
| 50% down | $1,010.24/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.