Use the mortgage calculator to calculate the cost of buying a $343k 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 343,000 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 $343,000 house.
$343,000 Home at 2%
| 0% down | $1,267.79/mo |
| 5% down | $1,204.41/mo |
| 10% down | $1,141.02/mo |
| 15% down | $1,077.63/mo |
| 20% down | $1,014.24/mo |
| 25% down | $950.85/mo |
| 30% down | $887.46/mo |
| 35% down | $824.07/mo |
| 40% down | $760.68/mo |
| 45% down | $697.29/mo |
| 50% down | $633.90/mo |
$343,000 Home at 4%
| 0% down | $1,637.53/mo |
| 5% down | $1,555.66/mo |
| 10% down | $1,473.78/mo |
| 15% down | $1,391.90/mo |
| 20% down | $1,310.03/mo |
| 25% down | $1,228.15/mo |
| 30% down | $1,146.27/mo |
| 35% down | $1,064.40/mo |
| 40% down | $982.52/mo |
| 45% down | $900.64/mo |
| 50% down | $818.77/mo |
$343,000 Home at 6%
| 0% down | $2,056.46/mo |
| 5% down | $1,953.64/mo |
| 10% down | $1,850.81/mo |
| 15% down | $1,747.99/mo |
| 20% down | $1,645.17/mo |
| 25% down | $1,542.34/mo |
| 30% down | $1,439.52/mo |
| 35% down | $1,336.70/mo |
| 40% down | $1,233.87/mo |
| 45% down | $1,131.05/mo |
| 50% down | $1,028.23/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.