Use the mortgage calculator to calculate the cost of buying a $341k 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 341,000 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 $341,000 house.
2% interest
| 0% down | $1,260.40/mo |
| 5% down | $1,197.38/mo |
| 10% down | $1,134.36/mo |
| 15% down | $1,071.34/mo |
| 20% down | $1,008.32/mo |
| 25% down | $945.30/mo |
| 30% down | $882.28/mo |
| 35% down | $819.26/mo |
| 40% down | $756.24/mo |
| 45% down | $693.22/mo |
| 50% down | $630.20/mo |
4% interest
| 0% down | $1,627.99/mo |
| 5% down | $1,546.59/mo |
| 10% down | $1,465.19/mo |
| 15% down | $1,383.79/mo |
| 20% down | $1,302.39/mo |
| 25% down | $1,220.99/mo |
| 30% down | $1,139.59/mo |
| 35% down | $1,058.19/mo |
| 40% down | $976.79/mo |
| 45% down | $895.39/mo |
| 50% down | $813.99/mo |
6% interest
| 0% down | $2,044.47/mo |
| 5% down | $1,942.24/mo |
| 10% down | $1,840.02/mo |
| 15% down | $1,737.80/mo |
| 20% down | $1,635.57/mo |
| 25% down | $1,533.35/mo |
| 30% down | $1,431.13/mo |
| 35% down | $1,328.90/mo |
| 40% down | $1,226.68/mo |
| 45% down | $1,124.46/mo |
| 50% down | $1,022.23/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.