$342,000 Mortgage Loan Payments and Costs

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Loan Summary


Use the mortgage calculator to calculate the cost of buying a $342k 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 342,000 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 $342,000 house.
2% interest
0% down$1,264.10/mo
5% down$1,200.89/mo
10% down$1,137.69/mo
15% down$1,074.48/mo
20% down$1,011.28/mo
25% down$948.07/mo
30% down$884.87/mo
35% down$821.66/mo
40% down$758.46/mo
45% down$695.25/mo
50% down$632.05/mo
4% interest
0% down$1,632.76/mo
5% down$1,551.12/mo
10% down$1,469.48/mo
15% down$1,387.85/mo
20% down$1,306.21/mo
25% down$1,224.57/mo
30% down$1,142.93/mo
35% down$1,061.29/mo
40% down$979.66/mo
45% down$898.02/mo
50% down$816.38/mo
6% interest
0% down$2,050.46/mo
5% down$1,947.94/mo
10% down$1,845.42/mo
15% down$1,742.89/mo
20% down$1,640.37/mo
25% down$1,537.85/mo
30% down$1,435.32/mo
35% down$1,332.80/mo
40% down$1,230.28/mo
45% down$1,127.75/mo
50% down$1,025.23/mo
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.
What's the payment on a 342,000 house with a 20% down payment?
($273,600 loan. 30 year mortgage)
0.25%$788.94
0.50%$818.58
0.75%$848.94
1.00%$880.01
1.25%$911.78
1.50%$944.25
1.75%$977.42
2.00%$1,011.28
2.25%$1,045.83
2.50%$1,081.05
2.75%$1,116.95
3.00%$1,153.51
3.25%$1,190.72
3.50%$1,228.59
3.75%$1,267.08
4.00%$1,306.21
4.25%$1,345.95
4.50%$1,386.29
4.75%$1,427.23
5.00%$1,468.74
5.25%$1,510.83
5.50%$1,553.47
5.75%$1,596.66
6.00%$1,640.37
6.25%$1,684.60
6.50%$1,729.34
6.75%$1,774.56
7.00%$1,820.27
7.25%$1,866.43
7.50%$1,913.05
7.75%$1,960.10
8.00%$2,007.58
8.25%$2,055.47
8.50%$2,103.75
8.75%$2,152.41
9.00%$2,201.45
9.25%$2,250.84
9.50%$2,300.58
9.75%$2,350.65
10.00%$2,401.04
10.25%$2,451.73
10.50%$2,502.73
10.75%$2,554.01
11.00%$2,605.56
11.25%$2,657.37
11.50%$2,709.44
11.75%$2,761.75
12.00%$2,814.28