$340,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $340k 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 340,000 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 $340,000 house.
2% interest
0% down$1,256.71/mo
5% down$1,193.87/mo
10% down$1,131.04/mo
15% down$1,068.20/mo
20% down$1,005.36/mo
25% down$942.53/mo
30% down$879.69/mo
35% down$816.86/mo
40% down$754.02/mo
45% down$691.19/mo
50% down$628.35/mo
4% interest
0% down$1,623.21/mo
5% down$1,542.05/mo
10% down$1,460.89/mo
15% down$1,379.73/mo
20% down$1,298.57/mo
25% down$1,217.41/mo
30% down$1,136.25/mo
35% down$1,055.09/mo
40% down$973.93/mo
45% down$892.77/mo
50% down$811.61/mo
6% interest
0% down$2,038.47/mo
5% down$1,936.55/mo
10% down$1,834.62/mo
15% down$1,732.70/mo
20% down$1,630.78/mo
25% down$1,528.85/mo
30% down$1,426.93/mo
35% down$1,325.01/mo
40% down$1,223.08/mo
45% down$1,121.16/mo
50% down$1,019.24/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 340,000 house with a 20% down payment?
($272,000 loan. 30 year mortgage)
0.25%$784.32
0.50%$813.80
0.75%$843.98
1.00%$874.86
1.25%$906.44
1.50%$938.73
1.75%$971.70
2.00%$1,005.36
2.25%$1,039.71
2.50%$1,074.73
2.75%$1,110.42
3.00%$1,146.76
3.25%$1,183.76
3.50%$1,221.40
3.75%$1,259.67
4.00%$1,298.57
4.25%$1,338.08
4.50%$1,378.18
4.75%$1,418.88
5.00%$1,460.15
5.25%$1,501.99
5.50%$1,544.39
5.75%$1,587.32
6.00%$1,630.78
6.25%$1,674.75
6.50%$1,719.23
6.75%$1,764.19
7.00%$1,809.62
7.25%$1,855.52
7.50%$1,901.86
7.75%$1,948.64
8.00%$1,995.84
8.25%$2,043.45
8.50%$2,091.44
8.75%$2,139.83
9.00%$2,188.57
9.25%$2,237.68
9.50%$2,287.12
9.75%$2,336.90
10.00%$2,386.99
10.25%$2,437.40
10.50%$2,488.09
10.75%$2,539.07
11.00%$2,590.32
11.25%$2,641.83
11.50%$2,693.59
11.75%$2,745.59
12.00%$2,797.83