Use the mortgage calculator to calculate the cost of buying a $347k 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 347,000 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 $347,000 house.
$347,000 Home at 2%
| 0% down | $1,282.58/mo |
| 5% down | $1,218.45/mo |
| 10% down | $1,154.32/mo |
| 15% down | $1,090.19/mo |
| 20% down | $1,026.06/mo |
| 25% down | $961.93/mo |
| 30% down | $897.81/mo |
| 35% down | $833.68/mo |
| 40% down | $769.55/mo |
| 45% down | $705.42/mo |
| 50% down | $641.29/mo |
$347,000 Home at 4%
| 0% down | $1,656.63/mo |
| 5% down | $1,573.80/mo |
| 10% down | $1,490.97/mo |
| 15% down | $1,408.14/mo |
| 20% down | $1,325.30/mo |
| 25% down | $1,242.47/mo |
| 30% down | $1,159.64/mo |
| 35% down | $1,076.81/mo |
| 40% down | $993.98/mo |
| 45% down | $911.15/mo |
| 50% down | $828.32/mo |
$347,000 Home at 6%
| 0% down | $2,080.44/mo |
| 5% down | $1,976.42/mo |
| 10% down | $1,872.40/mo |
| 15% down | $1,768.37/mo |
| 20% down | $1,664.35/mo |
| 25% down | $1,560.33/mo |
| 30% down | $1,456.31/mo |
| 35% down | $1,352.29/mo |
| 40% down | $1,248.26/mo |
| 45% down | $1,144.24/mo |
| 50% down | $1,040.22/mo |
Should I refinance? If your interest rate is higher than the current market rate, consider refinancing.