Use the mortgage calculator to calculate the cost of buying a $338k 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 338,000 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 $338,000 house.
$338,000 Home at 2%
| 0% down | $1,249.31/mo |
| 5% down | $1,186.85/mo |
| 10% down | $1,124.38/mo |
| 15% down | $1,061.92/mo |
| 20% down | $999.45/mo |
| 25% down | $936.99/mo |
| 30% down | $874.52/mo |
| 35% down | $812.05/mo |
| 40% down | $749.59/mo |
| 45% down | $687.12/mo |
| 50% down | $624.66/mo |
$338,000 Home at 4%
| 0% down | $1,613.66/mo |
| 5% down | $1,532.98/mo |
| 10% down | $1,452.30/mo |
| 15% down | $1,371.61/mo |
| 20% down | $1,290.93/mo |
| 25% down | $1,210.25/mo |
| 30% down | $1,129.56/mo |
| 35% down | $1,048.88/mo |
| 40% down | $968.20/mo |
| 45% down | $887.52/mo |
| 50% down | $806.83/mo |
$338,000 Home at 6%
| 0% down | $2,026.48/mo |
| 5% down | $1,925.16/mo |
| 10% down | $1,823.83/mo |
| 15% down | $1,722.51/mo |
| 20% down | $1,621.18/mo |
| 25% down | $1,519.86/mo |
| 30% down | $1,418.54/mo |
| 35% down | $1,317.21/mo |
| 40% down | $1,215.89/mo |
| 45% down | $1,114.56/mo |
| 50% down | $1,013.24/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.